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Fahmi Hawari
+603-2717 2946/ fahmi@marc.com.my
Haziq Najmuddin
+603-2717 2965/ haziq@marc.com.my
Mohd Izazee Ismail
+603-2717 2947/ izazee@marc.com.my
MARC Ratings has withdrawn its rating of AAA/Stable on Cagamas MBS Berhad’s Tranche 6 under the RM2,410.0 million asset-backed Fixed Rate Serial Bonds (CMBS 2007-2). The rating withdrawal follows the full redemption of the outstanding RM250.0 million under Tranche 6 as confirmed by the facility agent.
The rating agency’s analytical coverage on CMBS 2007-2 is now limited to the outstanding RM105.0 million under the final tranche (Tranche 7) of the issuance which carries a rating of AAA/Stable.
