Thursday, Dec 27, 2012
MARC has withdrawn its ratings on the following tranches of Cagamas MBS’s (CMBS) issuances.
| Issues | Current ratings/Outlook | ||
| 1. | RM2,050.0 million Sukuk Musyarakah (CMBS 2005-1) | Tranche 3 – RM260.0 million | AAAID /Stable |
| 2. | RM2,060.0 million Fixed Rate Serial Bond (CMBS 2005-2) | Tranche 3 – RM270.0 million | AAA/Stable |
| 3. | RM2,410.0 million Fixed Rate Serial Bond (CMBS 2007-2) | Tranche 2 – RM375.0 million | AAA/Stable |
The rating withdrawal follows the full redemption of the tranches as confirmed by the facility agents CIMB Investment Bank Berhad and AmInvestment Bank Berhad.
MARC’s rating obligations is now limited to the remaining outstanding tranches of the CMBS 2005-1, CMBS 2005-2 and CMBS 2007-2 amounting to RM1,325.0 million, RM1,315.0 million and RM1,520.0 million respectively.
Contacts:
Ng Chun Kean, +603-2082 2230/ chunkean@marc.com.my;
Jason Kok, +603-2082 2258/ jason@marc.com.my;
David Lee, +603-2082 2255/ david@marc.com.my.