MARC has withdrawn its AAA rating/stable outlook on Cagamas MBS Berhad’s RM345.0 million Tranche 5 under the RM2,060.0 million asset-backed Fixed Rate Serial Bonds (CMBS 2005-2). The rating withdrawal follows the full redemption of the tranche as confirmed by the facility agent.

MARC’s analytical coverage on CMBS 2005-2 is now limited to the outstanding RM650.0 million under the remaining tranches of the issuance which are currently rated AAA with a stable outlook.

Contacts:
Joan Leong, +603-2717 2934/ joan@marc.com.my;
Sharidan Salleh, +603-2717 2954/ sharidan@marc.com.my.