FW: MARC WITHDRAWS RATING ON CAGAMAS MBS' RM345.0 MILLION TRANCHE 5 UNDER CMBS 2005-2 ON FULL REDEMPTION

 

 

P R E S S  A N N O U N C E M E N T

                       

FOR IMMEDIATE RELEASE

 

MARC WITHDRAWS RATING ON CAGAMAS MBS’ RM345.0 MILLION TRANCHE 5 UNDER CMBS 2005-2 ON FULL REDEMPTION

 

MARC has withdrawn its AAA rating/stable outlook on Cagamas MBS Berhad’s RM345.0 million Tranche 5 under the RM2,060.0 million asset-backed Fixed Rate Serial Bonds (CMBS 2005-2). The rating withdrawal follows the full redemption of the tranche as confirmed by the facility agent.

 

MARC’s analytical coverage on CMBS 2005-2 is now limited to the outstanding RM650.0 million under the remaining tranches of the issuance which are currently rated AAA with a stable outlook.

 

 

Contacts: Joan Leong, +603-2717 2934/ joan@marc.com.my; Sharidan Salleh, +603-2717 2954/ sharidan@marc.com.my.

 

February 7, 2018

 

 

[This announcement is available in MARC’s 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.

 

© 2018 Malaysian Rating Corporation Berhad

 

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