Press Releases - Category: Residential Mortgages
Displaying 1-10 of 84 results.
Thursday, Aug 13, 2020
MARC has withdrawn its AAAIS rating on Cagamas MBS Berhad’s asset-backed Sukuk Musyarakah of RM2,050.0 million (CMBS 2005-1). The rating withdrawal follows the full redemption of the final tranche (Series 6) of the RM400.0 million sukuk issued under CMBS 2005-1 and cancellation of the facility which was confirmed by the facility agent.MARC’s analytical coverage on Cagamas MBS is now limited to...

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Friday, Jul 17, 2020
MARC has affirmed its ratings on national mortgage corporation Cagamas Berhad’s bonds and sukuk issues as follows: • Conventional and Islamic Commercial Papers (CP/ICP) programmes with a        combined aggregate limit of RM20.0 billion at MARC-1/ MARC-1IS ; and• Conventional and Islamic Medium-Term Notes (MTN/IMTN) programmes of up to         RM6...

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Friday, May 01, 2020
MARC has affirmed its AAAIS and AAA ratings on Cagamas MBS Berhad’s (Cagamas MBS) asset-backed Sukuk Musyarakah issuances (CMBS 2005-1; CMBS 2007-1-i) and fixed rate serial bonds issuances (CMBS 2005-2; CMBS 2007-2). The outlook on all ratings are stable. Cagamas MBS is a wholly-owned special purpose vehicle of Cagamas Holdings Berhad and was established to undertake the securitisation of c...

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Friday, Sep 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MARC has withdrawn its rating of AAA/stable on Cagamas MBS Berhad’s RM260.0 million Tranche 5 under the RM2,410.0 million asset-backed fixed rate serial bonds (CMBS 2007-2).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...

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Friday, May 31, 2019
MARC has withdrawn its AAAIS rating/stable outlook on Cagamas MBS Berhad’s RM245.0 million Tranche 5 under the RM2,110.0 million asset-backed sukuk Musyarakah issuance (CMBS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 continues on the outstanding RM610.0 million under the remain...

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Monday, May 27, 2019
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. The rating affirmation mainly reflects CMBS 2005-1’s strong credit enhancement level of 356.6% as at end-September 2018 (Quarter 54) with an ou...

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Monday, May 27, 2019
MARC has affirmed its AAA rating on Cagamas MBS Berhad’s RM2,060.0 million asset-backed fixed rate serial bonds (CMBS 2005-2) with a stable outlook. The rating affirmation essentially reflects CMBS 2005-2’s substantial credit enhancement level of 253.0% based on an outstanding principal balance of non-defaulted mortgages of RM933.5 million and combined cash and permitted investments of R...

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Monday, May 27, 2019
MARC has affirmed its AAA rating on Cagamas MBS Berhad’s RM2,410.0 million asset-backed fixed rate serial bonds (CMBS 2007-2) with a stable outlook. The rating affirmation mainly reflects CMBS 2007-2’s strong credit enhancement level of 220.4% as at August 31, 2018 (Quarter 46) with an outstanding principal of non-defaulted mortgage loans of RM755.9 million and combined cash and permitte...

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Monday, May 27, 2019
MARC has affirmed its AAAIS rating on Cagamas MBS Berhad’s RM2,110.0 million asset-backed Sukuk Musyarakah issuance (CMBS 2007-1-i) with a stable outlook. The rating affirmation reflects CMBS 2007-1-i’s substantial credit enhancement level of 168.7% as at October 31, 2018 (Quarter 47) based on an outstanding principal of non-defaulted home financing of RM1,097.0 million and combined cash...

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Friday, May 25, 2018
MARC has affirmed its AAA rating on Cagamas MBS Berhad’s RM2,060.0 million asset-backed fixed rate serial bonds (CMBS 2005-2) with a stable outlook. Cagamas MBS is a wholly-owned special purpose vehicle of Cagamas Holdings Berhad and was established to undertake the securitisation of conventional and Islamic home financing originated by the Malaysian government. CMBS 2005-2 is backed by a ...

This article has been viewed 404 times.