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 Singapore dollar-denominated long-term senior unsecured notes due in March 2017.

The outlook is stable.

The A3 rating assigned to the proposed senior unsecured notes is at the same level as the A3 foreign currency long-term issuer rating of Cagamas Bhd.

The proposed notes 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. (A3 stable).

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