MARC withdraws rating on Cagamas MBS Berhad's RM515 million Tranche 4 sukuk under CMBS 205-1 on full redemption

20 August 2015 MARC has withdrawn its AAAID rating on Cagamas MBS Berhad's RM515 million Tranche 4 sukuk issued under the RM2,050 million asset-backed Sukuk Musyarakah issuance (CMBS 2005-1).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 remainin

Press Release

August 20, 2015

20 August 2015
MARC has withdrawn its AAAID rating on Cagamas MBS Berhad's RM515 million Tranche 4 sukuk issued under the RM2,050 million asset-backed Sukuk Musyarakah issuance (CMBS 2005-1).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.