Moody's rates Cagamas notes A3

Moody's Investors Service said it assigned an A3 rating to Cagamas Global plc's Australian dollar-denominated senior unsecured notes due October 2018.

The notes are fully and unconditionally guaranteed by Cagamas Bhd., Moody's noted.

The outlook is stable.

The A3 rating assigned to the unsecured notes is at the same level as the A3 foreign-currency long-term issuer rating of Cagamas, the agency said.

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

© 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.