News Column

MARC withdraws rating on Cagamas MBS Berhad's MYR 270.0 million Sukuk

June 11, 2014

MARC has withdrawn its AAAIS rating/stable outlook on Cagamas MBS Berhad's MYR 270.0 million Tranche 3 under the MYR 2,110.0 million asset-backed Sukuk Musyarakah issuance (CMBS 2007-1-i).

The rating withdrawal follows the full redemption of the tranche on May 29, 2014 as confirmed by the facility agent.

MARC's analytical coverage on CMBS 2007-1-i is now limited to the outstanding MYR 1,255.0 million under the remaining tranches of the issuance which are currently rated AAAIS with a stable outlook.

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Source: CPI Financial

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