MARC has withdrawn its AAA_ID rating on Cagamas MBS Berhad’s RM515 million Tranche 4 sukuk issued under the RM2,050 million asset-backed Sukuk Musyarakah issuance (CMBS 2005-1).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 AAA_ID with a stable outlook. 

Contacts:
Rasyad Anwar, +603-2082 2272/ rasyad@marc.com.my;
David Lee, +603-2082 2255/ david@marc.com.my.