August 2020

Posted Date: August 24, 2020 MARC has published for comment an exposure draft which outlines the rating agency’s updated methodology on Rating Malaysian State Governments. The exposure draft substantially updates MARC’s analytical framework with the introduction an adjustment factor to reflect the propensity of extraordinary federal support to avert defaults of state obligations. Given the …

MARC publishes exposure draft of updated Methodology: Rating Malaysian State Governments Read More »

Posted Date: August 19, 2020 For the third consecutive month in July, foreign investors continued to be net buyers of Malaysian bonds, raising their holdings by RM7.1 billion to RM206.0 billion. Foreign demand was spurred by the high-yielding appeal of Malaysian bonds amid Bank Negara Malaysia’s recent Overnight Policy Rate cut to a record low …

Local bond yields reach fresh all-time lows in July amid global chase for yield – July 2020 Read More »

Posted Date: August 14, 2020 The sharp downturn in real GDP in 2Q2020 (-17.1% y-o-y) has been expected, given that many economies were in lockdown and Malaysia having experienced its own Movement Control Order (MCO) between March and May. The severity of the GDP contraction even surpassed the decline in real output that Malaysia experienced …

Lockdowns hit 2Q2020 GDP growth; rebound is expected in 2021 Read More »

Posted Date: August 12, 2020 Malaysian Rating Corporation Berhad (MARC) today announced that Moody’s Corporation has acquired a minority stake in the company. Moody’s investment strengthens MARC’s position as a leader in the sukuk market as well as Moody’s position as a mainstay of global credit ratings and analytical tools. MARC has been a major …

MARC announces minority investment by Moody’s Read More »