Year: 2021

MARC embarks on corporate realignment to gear up for growth

Posted Date: December 27, 2021 Malaysian Rating Corporation Berhad (MARC) is embarking on a corporate realignment exercise as it seeks to lay the groundwork for further group-wide transformation by transferring its regulatory license as a credit rating agency with the Securities Commission Malaysia and the Bank Negara Malaysia-accredited External Credit Assessment Institution status to its …

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MARC publishes methodologies on Commercial Real Estate-Backed Securitisation and Highway Investment Trust

Posted Date: December 22, 2021 MARC has released its finalised methodologies on Commercial Real Estate (CRE)-Backed Securitisation and Highway Investment Trust. These methodologies had previously been published as exposure drafts for public consultation. There have been no changes to these exposure drafts published on December 7, 2021. The methodologies outline the rating agency’s analytical frameworks …

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MARC issues sector report on solar power industry

Posted Date: December 17, 2021 MARC has published a sector report on the domestic solar power industry, highlighting key developments and trends. The report also contains the rating agency’s views on the key drivers for growth and its outlook for the industry. The full report can be accessed here. Contacts: Lee Chi Han, +603-2717 2939/ chihan@marc.com.my; …

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Foreign flow plunged to negative region after three consecutive months of inflow euphoria

Posted Date: December 15, 2021 After three consecutive months of positive net foreign flow, the local bond market foreign flow migrated to negative territory in November. The local bond market suffered from sell-offs as the net foreign outflows plummeted to RM3.5 billion (October: +RM2.9 billion) as investors reacted to the hawkish stance and the prospect …

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Exposure drafts on methodologies on Commercial Real Estate-Backed Securitisation and Highway Investment Trust

Posted Date: December 7, 2021 MARC has published for comment exposure drafts which outline the rating agency’s analytical frameworks on Commercial Real Estate (CRE)-Backed Securitisation and Highway Investment Trust. The main highlights of the methodologies are as follows: CRE-Backed Securitisation Assessment of key factors the rating agency uses to determine loan-to-value ratios Deriving value of …

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Bond yields surged as global central banks seen unwinding stimulus at a quicker pace

Posted Date: December 2, 2021 Hawkish expectations were rife in October as global central banks are set to normalise their monetary policies soon. The US Federal Reserve had announced that it will begin tapering its asset purchases by USD15.0 billion from its USD120.0 billion monthly bond-buying programme. In the EU, the European Central Bank had …

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MARC360: Sustainable Infra 2021 Virtual Conference Day 2 – ESG integration and future directions for the infrastructure sector

Posted Date: November 26, 2021 The MARC360: Sustainable Infra 2021 Virtual Conference resumed for Day 2 today and commenced with a discussion on the considerations and integration of environmental, social and governance (ESG) practices in global and Malaysian infrastructure. Among the observations made during the panel discussion was the significant growth in the issuance of …

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