Author name: WebMaster

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 …

MARC publishes 2019 Annual Corporate Default and Rating Transitions Study Read More »

Posted Date: March 17, 2020 To our clients and other stakeholders, In response to the restriction of movement order issued by the government and in support of the government’s efforts to curtail the spread of COVID-19, MARC will close its office from March 18 through March 31, 2020. Prior to this latest development, we had …

MARC going remote on Wednesday, 18 March 2020 Read More »

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 …

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

Posted Date: March 13, 2020 On March 9, oil markets tumbled after the Organisation of the Petroleum Exporting Countries (OPEC) and non-OPEC allies failed on the previous Friday to agree on the quantum of oil production cuts amid the COVID-19 outbreak, as well as on the rolling over of existing oil supply cuts. The international …

Oil price war, COVID-19 complicate 2020 economic prospects Read More »

Posted Date: March 06, 2020 MARC (Malaysian Rating Corporation Berhad) has again redefined the domestic rating landscape by winning the Rating Agency of the Year (Malaysia) award for the second year running. Awarded by Hong Kong-based The Asset, The Asset Triple A Sustainable Capital Markets Regional Awards 2019 is the industry’s most prestigious recognition in …

MARC wins Rating Agency of the Year Read More »

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 …

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

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 …

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

Posted Date: February 13, 2020 The Malaysian economy grew by an inflation-adjusted 4.3% in 2019. According to Bank Negara Malaysia (BNM) which released the figures yesterday, growth in 4Q2019 slipped to 3.6% from 4.4% in the preceding quarter, its slowest quarterly growth since 2009. The weaker growth was partly attributed to a slowdown in the …

A monetary-fiscal policy mix likely in 2020 Read More »

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 …

The Malaysian economy: Impact of the coronavirus outbreak Read More »

Posted Date: January 23, 2020 Yields on local govvies ended 2019 significantly lower compared to the preceding year with Malaysian Government Securities (MGS) taking the lead. The decline in yields was mainly driven by easing monetary policies adopted by global central banks against the backdrop of a sluggish global economic outlook. In addition, Bank Negara …

Gross issuance of government and corporate bonds to remain robust in 2020 Read More »