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MARC has affirmed its AAAIS rating on Cagamas MBS Berhad’s RM2,050.0 million asset-backed Sukuk Musyarakah issuance (CMBS 2005-1) with a stable outlook. The rating affects the final tranche of sukuk under CMBS 2005-1 amounting to RM400.0 million.
Wholly owned by Cagamas Holdings Berhad, Cagamas MBS was incorporated as a special purpose vehicle to undertake the securitisation of conventiona...
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