[MARC] MARC withdraws rating on Cagamas MBS' RM260.0 million Tranche 5 under CMBS 2007-2 on full redemption - 06 Sep 2019

Posted Date: September 06, 2019

MARC has withdrawn its rating of AAA/stable on Cagamas MBS Berhad's RM260.0 million Tranche 5 under the RM2,410.0 million asset-backed fixed rate serial bonds (CMBS 2007-2). The rating withdrawal follows the full redemption of the tranche as confirmed by the facility agent.

MARC's analytical coverage on CMBS 2007-2 continues on the outstanding RM355.0 million under the remaining tranches of the issuance which are currently rated AAA with a stable outlook.

Contacts:
Douglas De Alwis, +603-2717 2965/ douglas@marc.com.my;
Mohd Izazee Ismail, +603-2717 2947/ izazee@marc.com.my.