KBRA Affirms Ratings to the Senior Notes Issued by abrdn Asia-Pacific Income Fund, Inc. (FAX)

KBRA affirms the ‘AAA’ rating assigned to Senior Notes issued by abrdn Asia-Pacific Income Fund, Inc. (NYSE: FAX) (“FAX” or the “Fund”). The Outlook is Stable. Additionally, KBRA withdraws the rating assigned to Mandatory Redeemable Preferred Shares (“MRPS”) following the pay-off in full at maturity.

The Stable Outlook and rating continue to be supported by the asset coverage on the Notes, the credit quality and liquidity of the underlying assets, and the management experience of the Fund's investment adviser, abrdn Asia Limited. As of April 30, 2024, total asset coverage was 320%. 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.

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