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Article: Fitch Assigns Zesty Ltd's Nonrecourse Loans Final Ratings.
- Article from:
- Business Wire
- Article date:
- March 28, 2005
CopyrightCOPYRIGHT 2005 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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TOKYO -- Fitch Ratings, the international rating agency, has today assigned Zesty Ltd.'s first and second floating-rate nonrecourse loans final ratings due April 2007 (as listed below). The loans are extended by Merrill Lynch Japan Finance Co., Ltd. and arranged by Merrill Lynch Japan Securities Co., Ltd.
--JPY5,336,874,211 first loan 'BBB+';
--JPY661,595,977 second loan 'BBB-'.
The first loan is secured by a first pledge over trust beneficiary interests belonging to property trusts (the TBIs), whose underlying assets consist of 11 multifamily properties (the portfolio). The second loan is secured by a second pledge over the TBIs. All the ...