Cagamas Receives Affirmation from MARC on its Conventional and Sukuk bonds, Outlook Stable
July 20, 2020
Email The Malaysian Rating Corporation (MARC) has affirmed its ratings on Malaysia-based Cagamas’ conventional bonds, as well a Sukuk.
Cagamas’ Conventional and Islamic Commercial Papers programmes with a combined limit of MYR 20 billion have had its ratings affirmed at MARC-1/ MARC-1IS. Meanwhile, Conventional and Islamic Medium-Term Note programmes of up to MYR 60 billion have been affirmed at AAA/ AAAIS.
MARC states that the ratings affirmation continues to be based on Cagamas’ status as the national mortgage corporation, as well as its strategic position within the domestic financial system, Cagamas’ strong liquidity position and its robust capitalisation.
