Credit Rating Report

Top Aces Inc.: Credit Rating Report

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Summary

DBRS Limited (Morningstar DBRS) assigned an Issuer Rating of BB (low) with a Stable trend to Top Aces Inc. Concurrently, Morningstar DBRS assigned a provisional credit rating of (P) B (high) to the Company's proposed Senior Unsecured Notes, based on a Recovery Rating of RR5.

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