MARC has withdrawn its AAAIS rating on Cagamas MBS Berhad’s asset-backed Sukuk Musyarakah of RM2,050.0 million (CMBS 2005-1). The rating withdrawal follows the full redemption of the final tranche (Series 6) of the RM400.0 million sukuk issued under CMBS 2005-1 and cancellation of the facility which was confirmed by the facility agent.
MARC’s analytical coverage on Cagamas MBS is now limited to the following issuances:
• RM2,060.0 million asset-backed fixed rate serial bonds (CMBS 2005-2) rated AAA/Stable
• RM2,110.0 million asset-backed Sukuk Musyarakah issuance (CMBS 2007-1-i) rated AAAIS/Stable
• RM2,410.0 million asset-backed fixed rate serial bonds (CMBS 2007-2) rated AAA/Stable
Farhan Darham, +603-2717 2945, firstname.lastname@example.org;
Mohd Izazee Ismail, +603-2717 2947, email@example.com.
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