Fitch assigned an expected rating of "AAA" to the PUMA Series 2024-2 mortgage-backed, pass-through, floating rate bonds originated by Macquarie Bank (ASX:MQG) and to be issued by Perpetual (ASX:PPT), the credit ratings agency said in a note on Sunday.
The expected rating was due to mitigated liquidity risks, low operating and services risks, and a tight labor market, the agency said. However, the bonds may be impacted by market conditions and the prevailing economy.
Perpetual's shares closed up 3% on Wednesday, while Macquarie Group's shares ended more than 1% lower.
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