Author name: WebMaster

MARC’s 22nd Annual General Meeting: Mainstreaming Sustainable Finance

Posted Date: June 29, 2018 Malaysian Rating Corporation Berhad (MARC) held its 22nd Annual General Meeting (AGM) at The Majestic Hotel Kuala Lumpur on June 28, 2018. “MARC recorded a noteworthy performance on the back of improved corporate bond issuances in 2017,” said MARC Chairman Datuk Azizan Haji Abd Rahman in his review of the …

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Malaysia: Developments deemed positive from a longer term perspective

Posted Date: May 14, 2018 MARC is of the view that the government transition post-General Election 14 has no rating impact on Malaysia’s sovereign credit rating. Under MARC’s national scale, the government of Malaysia is rated AAA as it has the lowest relative credit risk in the country. MARC does not expect any significant shift …

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MARC publishes Malaysia’s first Impact Bond Assessments Criteria

Posted Date: April 18, 2018 MARC has published for comment an exposure draft which outlines the rating agency’s Impact Bond Assessments (IBA) Criteria. An IBA is not a credit rating and is independent of the credit quality of the bond concerned. IBAs can be assigned to green bonds, social bonds or sustainability bonds including sukuk …

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MARC publishes 2017 Annual Corporate Default and Rating Transitions Study; expects stable ratings trajectories to continue in 2018

Posted Date: March 23, 2018 MARC today published its 2017 Annual Corporate Default and Rating Transitions Study which tracks the history of corporate ratings assigned by the rating agency from its inception in 1996 through to December 31, 2017. This is MARC’s 13th Annual Corporate Default and Rating Transitions Study. MARC’s long-term average ratings stability …

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MARC hosts Investors’ Briefing on 2018 Malaysian economic and sectoral outlook

Posted Date: March 07, 2018 Malaysian Rating Corporation Berhad (MARC) yesterday held its 2018 Investors’ Briefing on the Malaysian economic and sectoral outlook in Hilton Kuala Lumpur. The annual briefing which was attended by financial institutions and other prominent sectors in Malaysia serves as a platform to promote multi-stakeholder dialogues as well as share the …

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Ringgit’s rises fuels rally in Malaysian government securities

Posted Date: December 12, 2017 In November, a resurgence in the strength of the ringgit fuelled a rally in Malaysian Government Securities (MGS). The ringgit ended the month at RM4.0910 against the US dollar, its strongest level year-to-date. With foreign buying interest reignited, foreign holdings of MGS surged 4.6% month-on-month to RM160.3 billion (October 2017: …

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MARC finalises updated Financial Institutions Rating Criteria

Posted Date: November 30, 2017 MARC has finalised and released its updated methodology for rating financial institutions following market consultation. The updated Financial Institutions Rating Criteria explains MARC’s approach to assigning our ratings to financial institutions of all sizes and types, both domestic and non-domestic, and their various obligations. This methodology enhances the transparency of …

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Corporate Bond Issuance at a five-year high in October 2017

Posted Date: November 13, 2017 Ringgit-denominated corporate bond issuance surged by 32% year-on-year to RM97.1 billion in the first 10 months of 2017, marking the highest issuance year-to-date since 2012. The increase was led by a 34% jump in issuances in the unrated segment, of which corporate bonds made up 33%. Issuances in the rated …

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