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MARC has withdrawn its AAAIS rating/stable outlook on Cagamas MBS Berhad’s RM270.0 million Tranche 3 under the RM2,110.0 million asset-backed Sukuk Musyarakah issuance (CMBS 2007-1-i). The rating withdrawal follows the full redemption of the tranche on May 29, 2014 as confirmed by the facility agent. MARC’s analytical coverage on CMBS 2007-1-i is now limited to the outstanding RM1...
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MARC has affirmed its AAA rating on Cagamas MBS Berhad’s (Cagamas MBS) asset-backed fixed rate serial bonds (CMBS 2005-2) of RM2,060.0 million with a stable outlook. The rating action affects the outstanding bonds of RM1,315.0 million issued under CMBS 2005-2. The rating essentially reflects the strong credit enhancement of 169.4% based on outstanding principal of non-defaulted mortgages of ...
This article has been viewed 1696 times.
MARC has affirmed its AAA rating on Cagamas MBS Berhad’s (Cagamas MBS) asset-backed fixed rate serial bonds (CMBS 2007-2) of RM2,410.0 million with a stable outlook. The rating action affects the outstanding bonds of RM1,520.0 million. The rating on the residential mortgage-backed bonds continues to be supported by the strong credit enhancement of 143.7% based on the outstanding principal of...
This article has been viewed 1155 times.
MARC has affirmed the rating of Cagamas MBS Berhad’s (Cagamas MBS) RM2,110.0 million asset-backed Sukuk Musyarakah issuance (CMBS 2007-1-i) at AAAIS with a stable outlook. The rating action affects RM1,525.0 million of outstanding sukuk. The affirmed rating reflects CMBS 2007-1-i’s strong credit enhancement level of 133.8% based on an account balance of RM312.5 million and outstanding ...
This article has been viewed 1155 times.
MARC has affirmed the rating of Cagamas MBS Berhad’s (Cagamas MBS) RM2,050.0 million asset-backed Sukuk Musyarakah issuance (CMBS 2005-1) at AAAID with a stable outlook. The rating action affects the outstanding RM1,325.0 million sukuk issued under CMBS 2005-1. The affirmed rating reflects strong credit enhancement level on CMBS 2005-1 supported by account balance of RM613.2 million and outs...
This article has been viewed 1152 times.
MARC has affirmed its AAA rating on Cagamas MBS Berhad’s (Cagamas MBS) asset-backed fixed rate serial bonds of RM1,555.0 million (CMBS 2004-1) with a stable outlook. The rating action affects the final tranche (Series 4) of RM345.0 million bonds issued under CMBS 2004-1. The affirmed rating takes into account the robust credit enhancement levels of 233.5% based on outstanding principal of no...
This article has been viewed 1216 times.
MARC affirms its AAA rating on Cagamas MBS Berhad’s (Cagamas MBS) asset-backed fixed rate serial bonds (CMBS 2007-2) of RM2,410.0 million with a stable outlook. The rating action affects the outstanding bonds of RM1,520.0 million after the latest serial redemption of RM375.0 million on August 22, 2012. The affirmed rating on the residential mortgage-backed bonds continues to be supported by ...
This article has been viewed 1317 times.
MARC has affirmed its AAAIS rating on Cagamas MBS Berhad’s (Cagamas MBS) RM2,110.0 million asset-backed Sukuk Musyarakah issuance (CMBS 2007-1-i) with a stable outlook. The rating action affects outstanding sukuk of RM1,525.0 million. The affirmed rating reflects strong credit enhancement level and performance by the collateral pool which comprises seasoned mortgages of high credit quality. ...
This article has been viewed 1293 times.
MARC has affirmed its AAA rating on Cagamas MBS Berhad’s (Cagamas MBS) asset-backed fixed rate serial bonds of RM2,060.0 million (CMBS 2005-2) with a stable outlook. The rating action affects outstanding bonds of RM1,315.0 million. The affirmed rating is consider the strong credit enhancement levels for the outstanding bonds based on the transaction’s collection account balance of RM38...
This article has been viewed 1257 times.
MARC has affirmed the AAA rating of Cagamas MBS Berhad’s (Cagamas MBS) asset-backed fixed rate serial bonds of RM1,555.0 million (CMBS 2004-1) with a stable outlook. The rating action affects the remaining RM345.0 million Series 4 bonds issued under CMBS 2004-1.Cagamas MBS, a wholly-owned subsidiary of Cagamas Holdings Berhad (Cagamas Holdings), is a special purpose vehicle incorporated sole...
This article has been viewed 1276 times.