Tag Archives: MRT III

MRT III Notes Upgraded to PRS Baa Minus

The credit rating for MRT III Funding Corporation Limited’s Asset-Backed Notes has been revised upwards, from PRS Ca to PRS Baa minus (as of August 6, 2008). A rating of PRS Baa is defined as, “Neither highly protected nor poorly secured. Interest payments and principal security appear adequate for the present but certain protective elements […]

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MRT III’s Asset-Backed Securities (ABS) Rated PRS Aa

“MRT III Funding Corporation’s (MRT III) ABS have been rated PRS Aa,” PhilRatings announced as it completed its first credit rating of ABS. Tranche details of the ABS are as follows:

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