MARC has assigned final short-term ratings of MARC-1/MARC-1ID respectively to Cagamas Berhad’s (Cagamas) Conventional and Islamic Commercial Paper (CCP/ICP) programmes with an aggregate combined limit of RM20.0 billion. The outlook on the ratings is stable.

Upon review of the final documentation of the issuance, MARC is satisfied that the terms and conditions of the CCP/ICP have not changed in any material way from the draft documentation on which the earlier preliminary ratings of MARC-1/MARC-1ID were based.

Full details on the assigned ratings have been provided in Cagamas’ preliminary ratings announcement on June 20, 2014. The Credit Analysis Report is available on MARC’s website at www.marc.com.my.

Contacts:
Oo Chin Kai, +603-2082 2260/ chinkai@marc.com.my;
Sharidan Salleh, +603-2082 2254/ sharidan@marc.com.my.