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RAM Ratings reaffirms AAA rating on Cagamas MBS’s Sukuk

Posted on 05 December 2011

RAM Ratings has reaffirmed the AAA rating (with a stable outlook) of Cagamas MBS’s MYR 2.05 billion Sukuk Musyarakah Islamic residential mortgage-backed securities (2005/2020), known as CMBS 2005-1.
The reaffirmation is premised on the available overcollateralisation (OC) ratio of 57.27 per cent as at 31 March 2011, the overall performance of the collateral pool, and the structural support afforded by the transaction structure……………………………………….Full Article: Source

 
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