Tuesday, Jun 26, 2018
MARC has withdrawn its rating of AAAIS on Cagamas Berhad’s RM5.0 billion Islamic Medium-Term Notes (IMTN) programme. The rating carried a stable outlook. The rating withdrawal follows the early cancellation of the programme as confirmed by the facility agent on June 22, 2018.
Upon the withdrawal of the rating, MARC’s analytical coverage on Cagamas is now limited to its RM20.0 billion Conventional and Islamic Commercial Papers (CP/ICP) programmes rated MARC-1/MARC-1IS and RM40.0 billion Conventional and Islamic Medium-Term Notes (MTN/IMTN) programmes rated AAA/AAAIS. Both ratings carry a stable outlook.
Contacts:
Lee Kar Xuan, +603-2717 2964/ karxuan@marc.com.my;
Sharidan Salleh, +603-2717 2954/ sharidan@marc.com.my.