MARC Ratings has withdrawn its rating of AAA/Stable on Cagamas MBS Berhad’s Tranche 6 under the RM2,410.0 million asset-backed Fixed Rate Serial Bonds (CMBS 2007-2).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.