December 2021

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 …

MARC embarks on corporate realignment to gear up for growth Read More »

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 …

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

Posted Date: December 22, 2021 MARC has published a sector report on the domestic toll road industry, looking at MARC-rated concessionaires’ performance and traffic trends two years into the COVID-19 pandemic. There is a strong correlation between policy responses to the pandemic and traffic flow. MARC generally holds a stable outlook on the toll road …

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Posted Date: December 22, 2021 MARC has published a sector report on the domestic automotive industry. The report covers key developments and trends that have transpired over the past year, challenges faced by the industry, as well as the rating agency’s near-term outlook. The full report can be accessed here. Contacts:Neo Xue Wei, +603-2717 2937/ …

MARC issues sector report on automotive industry Read More »

Posted Date: December 17, 2021 MARC has published a sector report on the domestic banking industry, examining key banking metrics and the challenges to the industry. MARC maintains a stable outlook on the Malaysian banking sector. Despite the impact from the COVID-19 pandemic, the domestic banking industry has been shielded from severe financial distress and …

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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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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 …

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

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 …

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

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 …

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