MARC has withdrawn its AAAID rating on Cagamas
MBS Berhad’s RM515 million Tranche 4 sukuk issued under the RM2,050 million
asset-backed Sukuk Musyarakah issuance (CMBS 2005-1). The rating withdrawal
follows the full redemption of the tranche as confirmed by the facility agent.
MARC’s analytical coverage on CMBS 2005-1 is now limited to the
outstanding RM810 million under the remaining tranches of the issuance which
are currently rated AAAID with a stable outlook.
Contacts: Rasyad Anwar, +603-2082 2272/ rasyad@marc.com.my; David Lee, +603-2082 2255/ david@marc.com.my.
August 20, 2015
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