P R E S S A N N O U N C E M E N T
FOR IMMEDIATE RELEASE
MARC has withdrawn its AAAIS rating/stable outlook on Cagamas MBS Berhad’s RM400.0 million Tranche 4 under the RM2,110.0 million asset-backed Sukuk Musyarakah issuance (CMBS 2007-1-i). The rating withdrawal follows the full redemption of the tranche as confirmed by the facility agent.
MARC’s analytical coverage on CMBS 2007-1-i is now limited to the outstanding RM855.0 million under the remaining tranches of the issuance which are currently rated AAAIS with a stable outlook.
Contacts: Cheah Wan Kin, +603-2717 2932/ wankin@marc.com.my; Sharidan Salleh, +603-2717 2954/ sharidan@marc.com.my.
September 11, 2017
[This announcement is available in the MARC corporate homepage at http://www.marc.com.my]
---- DISCLAIMER ----
This communication is provided by Malaysian Rating Corporation Berhad (MARC) on the basis of information believed by MARC to be accurate and reliable as derived from publicly available sources or provided by the rated entity or its agents. MARC, however, has not independently verified such information and makes no representation as to the accuracy or completeness of such information. Any assignment of a credit rating by MARC is solely to be construed as a statement of its opinion and not a statement of fact. A credit rating is not a recommendation to buy, sell, or hold any security.
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