MSCIF Notes / Sub-Fund I (RAH)

News

• 08.10.2021
  Further details regarding the regulatory requirements according to ESMA (European Securities and Markets Authority) Guidelines 33-9-320 can be found in the document attached below.
• 26.07.2021
  Further details regarding the regulatory requirements according to ESMA (European Securities and Markets Authority) Guidelines 33-9-320 can be found in the document attached below.
• 01.07.2020
  Further details regarding the regulatory requirements according to ESMA (European Securities and Markets Authority) Guidelines 33-9-320 can be found in the document attached below.
• 27.06.2019
  Creditreform Rating has confirmed the rating of the bearer bonds (ISIN XS1800963966) issued by Real Assets Holding S.C.S. SICAV-RAIF, acting on behalf of its sub-fund I, with BBB- / stable. The issuer uses the proceeds from the issue primarily to invest in an target investment fund. The main reasons behind the decision are the results from our quantitative analyses of the target investment fund under consideration of stress scenarios. The bearer bonds benefit from different credit enhancements, which will be build up during the bonds´ duration. Our quantitative analyses display a moderate stress resistance of the structure with regard to certain parameters. Additionally, certain terms of the target investment fund limit our current rating assessment. In addition, the rating was given a note.
• 04.12.2018
  Creditreform Rating has in the context of its methodology review removed the additive “watch” for the bearer bonds with the ISIN XS1800963966 issued by Real Assets Holding SCS SICAV-RAIF, acting on behalf of its sub-fund I, and confirmed the rating with BBB- / outlook stable. The issuer uses the proceeds from the issue primarily to invest in a target investment fund. The main reasons behind the decision are the expected credit quality of the portfolio assets which is related to predominately regulated businesses. The expected cash flows generation has been tested, taking into account several stressed scenarios. The bearer bonds benefit from different credit enhancements, which will be build up during the bonds´ term. Our quantitative analyses display a positive stress resistance of the structure with regard to certain parameters. However, certain terms of the target investment fund still limit our current rating assessment.
• 30.07.2018
  Creditreform Rating has set the rating of the bearer bonds (ISIN XS1800963966) issued by Real Assets Holding SCS SICAV-RAIF, acting on behalf of its sub-fund I, to (watch) and is going to review the rating due to a methodology change and in accordance with regulatory requirements. The review is open-ended.
• 24.05.2018
  Creditreform Rating has set the rating of the bearer bonds with ISIN XS1800963966 issued by Real Assets Holding SCS SICAV-RAIF, acting on behalf of its sub-fund I, to BBB- / stable. The issuer uses the proceeds from the issue primarily to invest in a target investment fund. The main reasons behind the decision are the expected credit quality of the portfolio assets which is related to predominantly regulated businesses. The expected cash flows generation has been tested, taking into account several stressed scenarios. The bearer bonds benefit from different credit enhancements, which will be build up during the bonds´ duration. Our quantitative analyses display only a moderate stress resistance of the structure with regard to certain parameters. Additionally, certain terms of the target investment fund are limiting our current rating assessment.