Moody’s rates Cagamas Global notes A3

Moody’s Investors Service said it assigned an A3 rating to Cagamas Global plc’s planned issuance of S$100 million long-term senior unsecured notes due in July 2018.

The outlook is positive.

The rating assigned to the proposed notes is at the same level as the company’s A3 foreign-currency long-term issuer rating.

The proposed will be issued pursuant to Cagamas Global’s $2.5 billion euro medium-term note program and will be fully and unconditionally guaranteed by Cagamas Bhd., Moody’s said.

Cagamas Bhd. has a local-currency long-term rating of A3 and short-term issuer rating of P-2, along with a foreign-currency long-term issuer rating of A3 and short-term issuer rating of P-2.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.