MARC has withdrawn its AAA rating/stable outlook on Cagamas MBS Berhad’s RM380.0 million Tranche 3 bonds issued under the RM2,410.0 million asset-backed fixed rate serial bonds (CMBS 2007-2). The rating withdrawal follows the full redemption of the tranche as confirmed by the facility agent.
 
MARC’s analytical coverage on CMBS 2007-2 is now limited to the outstanding RM1,140.0 million under the remaining tranches of the issuance which are currently rated AAA with a stable outlook.

Contacts:
Ng Chun Kean, +603-2082 2230/ chunkean@marc.com.my;
David Lee, +603-2082 2255/ david@marc.com.my.