THE EDGE
Written by Joe Chin
Thursday, 05 March 2009
KUALA LUMPUR: Share price of Dreamgate Corp Bhd fell on March 5 on concerns over Cambodia government’s new gaming rules, which prompted RAM Ratings to downgrade its RM200 million debt notes to negative.
At 10.44am, it was down 0.5 sen to 10.5 sen. There were 667,100 shares done.
RAM Ratings placed the company’s A1/P1 ratings on its RM200 million debt notes (2007/2014) on Rating Watch, with a negative outlook.
The Rating Watch reflects RAM Ratings’ concerns about the adverse impact of the recent changes in Cambodia’s gambling regulations, which are expected to have negative implications on Dreamgate’s credit profile.
Written by Joe Chin
Thursday, 05 March 2009
KUALA LUMPUR: Share price of Dreamgate Corp Bhd fell on March 5 on concerns over Cambodia government’s new gaming rules, which prompted RAM Ratings to downgrade its RM200 million debt notes to negative.
At 10.44am, it was down 0.5 sen to 10.5 sen. There were 667,100 shares done.
RAM Ratings placed the company’s A1/P1 ratings on its RM200 million debt notes (2007/2014) on Rating Watch, with a negative outlook.
The Rating Watch reflects RAM Ratings’ concerns about the adverse impact of the recent changes in Cambodia’s gambling regulations, which are expected to have negative implications on Dreamgate’s credit profile.
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