Latest MARC News

CIMB Investment Bank and Maybank Investment Bank top MARC’s 2009 Lead Managers League Tables

Posted Date : 22 Jan 2010 CIMB Investment Bank Berhad (CIMB) and Maybank Investment Bank Berhad (MIB) clinched the top spots on Malaysian Rating Corporation Berhad’s (MARC) 2009 Lead Managers League Tables by value and number of issues, respectively. MIB and Public Investment Bank Berhad ranked second and third, respectively by value. CIMB ranked second …

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MARC : New credit card tax unlikely to reduce consumer spending

Posted Date : 30 Oct 2009 MARC believes that the proposed annual credit card tax of RM50 per primary credit and charge card and RM25 per supplementary card is unlikely to have an impact on the overall transaction value of cardholders over the medium term. According to Anandakumar Jegarasasingam, MARC’s Head of Financial Institutions Ratings, …

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Commentary on Budget 2010

Posted Date : 24 Oct 2009 The measures in Budget 2010 are intended to delicately balance the need to address the government’s budgetary constraints while continuing to support the nascent economic recovery. The series of measures unveiled yesterday are focused on reducing the budget deficit by trimming operating expenditures and broadening the revenue base through …

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MARC signs Technical Collaboration Agreement with Emerging Credit Rating Limited of Bangladesh

Posted Date : 20 Oct 2009 Malaysian Rating Corporation Berhad (“MARC”) entered into a Technical Collaboration Agreement with Emerging Credit Rating Limited (“ECRL”) of Bangladesh today. Under the agreement, MARC will assume the role of technical partner to ECRL, providing consultancy and advisory in the development of ECRL’s credit rating methodologies and training in credit …

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CIMB Investment Bank Berhad and Maybank Investment Bank Berhad top MARC’s Lead Managers’ League Tables for January to September 2009

Posted Date : 09 Oct 2009 CIMB Investment Bank Berhad topped MARC’s Lead Managers’ League Tables based on issuance value and holds the top spot with Maybank Investment Bank Berhad for issue count. Five financial institutions shared second place for issue count. The total value of MARC rated bonds issued from January to September 2009 …

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MARC releases its Financial Guarantee Insurer Rating approach

Posted Date : 15 May 2009 MARC has released its Financial Guarantee Insurer Rating Methodology, explaining its approach to rating financial guarantee insurers. The rating that would be assigned to a financial guarantee insurer (FGI) would be an Insurer Financial Strength (IFS) rating. MARC’s insurer financial strength rating on an FGI incorporates assessments of willingness …

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MARC views stimulus package as critical buffer against sharp slowdown in Malaysian economy

Posted Date : 11 Mar 2009 The second stimulus package unveiled by the Deputy Prime Minister, Datuk Seri Najib, is a bold effort by the government to boost domestic growth in the wake of rapidly deteriorating global economic conditions. Malaysian Rating Corporation Berhad (MARC) views the RM60 billion stimulus package, which represents 9% of Malaysia’s …

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Y.B. Tan Sri Nor Mohamed Yakcop graces MARC’s 2008 Lead Managers Appreciation Night

Posted Date : 02 Mar 2009 Malaysian Rating Corporation Berhad (MARC) held an Appreciation Night on 27th February 2009 for the financial institution fraternity comprising Investment, Islamic and Commercial Banks in recognition for their key role in advising, arranging and originating private debt securities issuances in 2008 rated by MARC. These institutions have contributed immensely …

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CIMB Investment Bank Berhad tops MARC’s Lead Managers League Table for 2008

Posted Date : 12 Feb 2009 CIMB Investment Bank Berhad topped MARC’s 2008 Lead Managers League Table as the lead manager for the highest value and number of conventional bond issuances. RHB Investment Bank Berhad and OCBC Bank (Malaysia) Berhad ranked second and third respectively in terms of conventional bonds issue value. RHB Investment Bank …

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As reality bites, MARC lowers its 2009 forecast for Malaysian GDP to 2.5%

Posted Date : 02 Jan 2009 MARC has revised its forecast of Malaysia’s GDP growth for 2009 to 2.5% from its October’s projection of 3.5% as a result of the continuing uncertain outlook for the global macro economy combined with moderating consumer demand which would dampen domestic economic growth prospects. As shockwaves from the global …

As reality bites, MARC lowers its 2009 forecast for Malaysian GDP to 2.5% Read More »