Author name: WebMaster

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 […]

Posted Date: October 26, 2017 Malaysian Rating Corporation Berhad (MARC) held its annual Lead Managers Appreciation Evening at the Majestic Hotel Kuala Lumpur on October 25, 2017. MARC’s guest of honour of the evening, Y. Bhg. Dato’ Ahmad Fairuz Zainol Abidin, Deputy Chief Executive of the Securities Commission, presented the awards to the winners. Presented

Posted Date: October 17, 2017 MARC has published for comment an exposure draft which outlines the rating agency’s updated Financial Institutions Rating Criteria. The exposure draft updates MARC’s analytical framework for financial institution ratings (FIR). Key highlights of the methodology include: Inclusion of a new non-domestic intrinsic credit strength rating (ICSR) that will be applicable

Posted Date: October 12, 2017 Based on the latest Household Income and Basic Amenities survey (2016) by the Department of Statistics, Malaysia’s median and mean household incomes continued to grow, benefitting from the relatively resilient domestic economy. In particular, the median monthly household income grew by 6.6% per annum on a compounded annual growth rate

Posted Date: September 7, 2017 Malaysian Rating Corporation Berhad (MARC) was honoured with the Best Islamic Rating Agency Award at the seventh Global Islamic Finance Awards (GIFA) on September 6, 2017. Held annually, the prestigious market-led Islamic finance awards programme recognises and celebrates the contributions of institutions and individuals to the development of Islamic banking

Posted Date: July 31, 2017 MARC has today published an updated version of the methodology it uses to assign ratings to companies in the steel industry. This update supersedes MARC’s “Steel Industry” methodology published in April 2015. The updated methodology incorporates recent developments in the steel industry including changes in the pricing mechanism of raw

Posted Date: June 15, 2017 Malaysian Rating Corporation Berhad (MARC) held its 21st Annual General Meeting (AGM) at Sime Darby Convention Centre on June 15, 2017. “MARC had delivered a satisfactory financial performance for 2016 in spite of a backdrop of lower rated bond and sukuk issuance,” said MARC Chairman Datuk Azizan Haji Abd Rahman

Posted Date: May 19, 2017 MARC has today published an updated version of the methodology it uses to assign ratings to non-financial corporates. The report supersedes and replaces the existing “Corporate Debt Rating Methodology”, dated April 2015. The agency does not anticipate any rating changes from the implementation of this methodology update. MARC is of

Posted Date: May 04, 2017 Malaysian Rating Corporation Berhad (MARC) announced today the appointment of two new members to its Board of Directors and the retirement of two directors. Following the changes, the size of MARC’s board is maintained at six directors. Newly appointed to the board with effect from April 17, 2017 are Dr.

Posted Date: April 21, 2017 On April 20, 2017, MARC signed a Memorandum of Understanding (MOU) to enter into a strategic partnership with Japan Credit Rating Agency, Ltd (JCR). The MOU sets out the framework for future cooperation between the two credit rating agencies in facilitating cross-border debt issuances by Japan and Malaysia-domiciled issuers as