MARC Ratings has withdrawn its ratings of MARC-1/MARC-1IS on Cagamas Berhad’s Conventional and
Islamic Commercial Papers (CCP/ICP) programme with a combined aggregate limit of RM20 billion. The withdrawal follows the expiry of
the programme on June 23, 2022 upon full redemption of the outstanding RM400 million under the programme as confirmed by the facility
The rating agency’s analytical coverage on Cagamas’ issuance is now limited to the company’s RM60 billion Conventional
and Islamic Medium-Term Notes programme rated AAA/AAAIS with a stable outlook.