MARC has affirmed the rating of Cagamas MBS Berhad’s (Cagamas MBS) RM2,050.0 million asset-backed Sukuk Musyarakah issuance (CMBS 2005-1) at AAAID with a stable outlook. The rating action affects the outstanding RM1,325.0 million sukuk issued under CMBS 2005-1. The affirmed rating reflects the strong credit enhancement level on CMBS 2005-1 supported by an account balance of RM613.2 million a...

MARC affirms its AAA rating on Cagamas MBS Berhad’s (Cagamas MBS) asset-backed fixed rate serial bonds (CMBS 2007-2) of RM2,410.0 million with a stable outlook. The rating action affects the outstanding bonds of RM1,520.0 million after the latest serial redemption of RM375.0 million on August 22, 2012. The affirmed rating on the residential mortgage-backed bonds continues to be supported by ...

MARC has affirmed its AAAIS rating on Cagamas MBS Berhad’s (Cagamas MBS) RM2,110.0 million asset-backed Sukuk Musyarakah issuance (CMBS 2007-1-i) with a stable outlook. The rating action affects outstanding sukuk of RM1,525.0 million. The affirmed rating reflects strong credit enhancement level and performance by the collateral pool which comprises seasoned mortgages of high credit quality. ...

MARC has affirmed its AAA rating on Cagamas MBS Berhad’s (Cagamas MBS) asset-backed fixed rate serial bonds of RM2,060.0 million (CMBS 2005-2) with a stable outlook. The rating action affects outstanding bonds of RM1,315.0 million. The affirmed rating considers the strong credit enhancement levels for the outstanding bonds based on the transaction’s collection account balance of RM382....

MARC has affirmed its AAAID rating on Cagamas MBS Berhad’s (Cagamas MBS) RM2,050.0 million asset-backed Sukuk Musyarakah issuance (CMBS 2005-1) with a stable outlook. The rating action affects outstanding sukuk of RM1,325.0 million following the redemption of RM260.0 million Tranche 3 on August 8, 2012. CMBS 2005-1, representing the second residential home financing securitisation issuance b...

MARC has affirmed the AAA rating of Cagamas MBS Berhad’s (Cagamas MBS) asset-backed fixed rate serial bonds of RM1,555.0 million (CMBS 2004-1) with a stable outlook. The rating action affects the remaining RM345.0 million Series 4 bonds issued under CMBS 2004-1.Cagamas MBS, a wholly-owned subsidiary of Cagamas Holdings Berhad (Cagamas Holdings), is a special purpose vehicle incorporated sole...

MARC has affirmed its AAA rating on Cagamas MBS Berhad’s (Cagamas MBS) asset-backed fixed rate serial bonds (CMBS 2007-2) of RM2,410.0 million with a stable outlook. The rating action affects the outstanding bonds of approximately RM1,895.0 million. The affirmed rating on the residential mortgage-backed bonds reflect a strong credit enhancement level of 133.7% for the outstanding bonds, supp...

MARC has affirmed its AAAIS rating on Cagamas MBS Berhad’s (Cagamas MBS) RM2,110.0 million asset-backed Sukuk Musyarakah issuance (CMBS 2007-1-i) with a stable outlook. The rating action affects outstanding Sukuk of approximately RM1,525.0 million, following the redemption of the RM255.0 million Tranche 2 Sukuk on May 29, 2012. The affirmed rating reflects a strong credit enhancement level o...

MARC has affirmed its AAA rating on Cagamas MBS Berhad’s (Cagamas MBS) mortgage-backed fixed rate serial bonds of RM2,060.0 million (CMBS 2005-2) with a stable outlook. The rating action affects the outstanding bonds of RM1,585.0 million. The affirmed rating on the residential mortgage-backed bonds reflect strong credit enhancement levels for the outstanding bonds based on the transaction&rs...

MARC has affirmed the AAAID rating of Cagamas MBS Berhad’s (Cagamas MBS) asset-backed Sukuk Musyarakah issuance (CMBS 2005-1) of RM2,050.0 million with a stable outlook. The rating action affects the outstanding Sukuk of approximately RM1,585.0 million. CMBS 2005-1 is an Islamic issuance which represents the second residential home financing securitisation issuance by Cagamas MBS. The transa...