KBRA Assigns a Rating to Series B Mandatory Redeemable Preferred Shares and Affirms Ratings of the Senior Notes Issued by abrdn Asia-Pacific Income Fund, Inc. (FAX)
abrdn Asia-Pacific Income Fund, Inc. (FAX)
NASDAQ:AMEX Investor Relations:
aberdeenfax.com
Company Research
Source: Business Wire
NEW YORK--(BUSINESS WIRE)--KBRA assigns a 'AA-' rating to Series B Mandatory Redeemable Preferred Shares (“MRPS”) issued by abrdn Asia-Pacific Income Fund, Inc. (NYSE: FAX) (“FAX” or the “Fund”). Additionally, KBRA affirms the rating assigned to Series C, D and E Senior Notes. The Outlook on all ratings is Stable.The ratings continue to be supported by the asset coverage, the credit quality and liquidity of the underlying assets, and the management experience of the Fund's investment adviser, abrdn Asia Limited. As of September 11, 2024, total asset coverage was 330%. The Fund is registered under the Investment Company Act of 1940 and is a non-diversified closed-end investment fund. The Fund had its Initial Public Offering in April 1986, and its shares are listed on the New York Stock Exchange under the symbol FAX. The Fund invests primarily in Asia Pacific debt securities.To access rating and relevant documents, click here.Click here to view the report.Related Publicationsabrdn A
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FAX
Sec Filings
- 11/7/24 - Form SC
- 10/3/24 - Form 8-K
- 10/3/24 - Form 3
- FAX's page on the SEC website