MARC Withdraws its AAAIS Rating on Cagamas MBS Berhad's RM400.0 million Tranche 4 Sukuk

Transcription

1. IB ​ ​Press​ ​Release​ ​Service Published​ ​on:​​ ​IslamicBanker.com​ ​Publications:​ ​https://www.islamicmarkets.com/publications MARC​ ​Withdraws​ ​its​ ​AAAIS​ ​Rating​ ​on Cagamas​ ​MBS​ ​Berhad's​ ​RM400.0​ ​million Tranche​ ​4​ ​Sukuk 11​ ​September​ ​2017 MARC​ ​has​ ​withdrawn​ ​its​ ​AAAIS​ ​rating/stable​ ​outlook​ ​on​ ​Cagamas​ ​MBS​ ​Berhad's​ ​RM400.0 million​ ​Tranche​ ​4​ ​under​ ​the​ ​RM2,110.0​ ​million​ ​asset-backed​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​ ​as​ ​confirmed by​ ​the​ ​facility​ ​agent. MARC's​ ​analytical​ ​coverage​ ​on​ ​CMBS​ ​2007-1-i​ ​is​ ​now​ ​limited​ ​to​ ​the​ ​outstanding​ ​RM855.0 million​ ​under​ ​the​ ​remaining​ ​tranches​ ​of​ ​the​ ​issuance​ ​which​ ​are​ ​currently​ ​rated​ ​AAAIS​ ​with​ ​a stable​ ​outlook. Organisation​ ​Name: News​ ​Type: Malaysian​ ​Rating​ ​Corporation​ ​Berhad​ ​(MARC) RATING​ ​ANNOUNCEMENT Source: BNM​ ​Announcements Media​ ​Contact Cheah​ ​Wan​ ​Kin,​ ​+603-2717​ ​2932​ ​-​ ​wankin@marc.com.my; Sharidan​ ​Salleh,​ ​+603-2717​ ​2954​ ​-​ ​sharidan@marc.com.my. Disclaimer: This​ ​communication​ ​is​ ​provided​ ​by​ ​Malaysian​ ​Rating​ ​Corporation Berhad​ ​(MARC)​ ​on​ ​the​ ​basis​ ​of​ ​information​ ​believed​ ​by​ ​MARC​ ​to​ ​be accurate​ ​and​ ​reliable​ ​as​ ​derived​ ​from​ ​publicly​ ​available​ ​sources​ ​or provided​ ​by​ ​the​ ​rated​ ​entity​ ​or​ ​its​ ​agents.​ ​MARC,​ ​however,​ ​has​ ​not independently​ ​verified​ ​such​ ​information​ ​and​ ​makes​ ​no​ ​representation as​ ​to​ ​the​ ​accuracy​ ​or​ ​completeness​ ​of​ ​such​ ​information.​ ​Any assignment​ ​of​ ​a​ ​credit​ ​rating​ ​by​ ​MARC​ ​is​ ​solely​ ​to​ ​be​ ​construed​ ​as​ ​a statement​ ​of​ ​its​ ​opinion​ ​and​ ​not​ ​a​ ​statement​ ​of​ ​fact.​ ​A​ ​credit​ ​rating​ ​is not​ ​a​ ​recommendation​ ​to​ ​buy,​ ​sell,​ ​or​ ​hold​ ​any​ ​security.