[RAM] RAM Ratings affirms AAA/Stable rating of Cagamas MBS's CMBS 2007-1-i

RAM Ratings has affirmed the AAA/Stable rating of Cagamas MBS Berhad’s (CMBS) residential mortgage-backed securities (CMBS 2007-1-i), premised on its fully cash-backed status and robust credit protection. The RM290 mil outstanding balance has an overcollateralisation ratio of 251.08% as at end-October 2025.

CMBS is a special-purpose entity set up to securitise government staff housing loans and Islamic home financing provided by Lembaga Pembiayaan Perumahan Sektor Awam (LPPSA), which manages public sector housing finance. Repayments are made through direct salary and pension deductions, reducing borrower credit risk. LPPSA's servicing remained adequate during the review period.


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