2020

MARC publishes 2019 Annual Corporate Default and Rating Transitions Study

Posted Date: March 20, 2020 MARC today published its 15th Annual Corporate Default and Rating Transitions Study which tracks the history of corporate ratings assigned by the rating agency since its inception in 1996 through to December 31, 2019. The database used for this study was constructed using long-term standalone ratings of those issuers. Malaysia’s …

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Yields down on increasing calls for further easing as COVID-19 pandemic weakens economic prospects

Posted Date: March 17, 2020 Yields on Malaysian Government Securities (MGS) across the curve continued to tighten in February as economic sentiment moderated following the release of the 4Q2019 GDP numbers and the government’s downgrade Malaysia’s GDP growth pace to between 3.2% to 4.2%. These events gave support for the current low yield levels and …

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BNM cuts the OPR; The Fed also slashed rates in an emergency move

Posted Date: March 04, 2020 The Bank Negara Malaysia (BNM) announced another overnight policy rate (OPR) cut of 25 basis points (bps) to 2.50% during its Monetary Policy Committee (MPC) meeting on March 3. Citing concerns over the impact of the coronavirus (COVID-19) outbreak on both the global and domestic economies, it said that there …

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Local bond market began 2020 on good footing as foreign investors continued to snap up MGS

Posted Date: February 13, 2020 Local bonds started 2020 on good footing as foreign investors continued to be net buyers for the third month in a row in January. Local bonds posted net foreign inflows of RM3.6 billion (December: RM8.1 billion). This brought the total foreign holdings of local bonds to RM208.2 billion (December: RM204.7 …

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The Malaysian economy: Impact of the coronavirus outbreak

Posted Date: February 7, 2020 The prospects for the global economy look increasingly uncertain with the outbreak of the novel coronavirus (2019-nCoV) in China. This is not surprising given that the Chinese economy accounts for an estimated one-third of global growth. Compared to the severe acute respiratory syndrome (SARS) outbreak period in 2003, China’s gross …

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