Moody’s rates Cagamas Global notes A3

Moody's Investors Service said it assigned an A3 rating to Cagamas Global plc’s dollar-denominated senior unsecured notes due in September 2017.

The outlook is stable.

The A3 rating assigned to the notes is at the same level as the A3 foreign-currency long-term issuer rating of Cagamas Bhd., Moody’s said.

The notes are issued pursuant to Cagamas Global's $2.5 billion multi-currency program and are fully and unconditionally guaranteed by Cagamas, the agency said.

The notes represent direct, unsubordinated and unsecured obligations of Cagamas and rank pari passu with existing and future unsecured and unsubordinated obligations, Moody’s said.

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