Credit rating assessments and economic-related research and publications
Providing opinions of relative creditworthiness of issuers, institutions and obligations as well as publications on fixed income and economic research.
About
MARC Ratings
MARC Ratings Berhad was incorporated as a public limited company to undertake the business of providing credit rating services, as well as economic and fixed-income research publications, on behalf of the MARC group of companies.
MARC Ratings provides issue ratings for corporate and structured finance projects as well as financial institutions. MARC Ratings also provides ratings on credit enhancement providers, insurance and reinsurance companies, and investment managers. To ensure full transparency, MARC's website provides access to our key rating methodologies.
MARC Ratings provides investors with its in-house economics team's outlook on the domestic economy as well as in-depth commentaries on Malaysia's annual budget and BNM's policy publications. It also publishes country risk assessments on a regular basis.
MARC Ratings publishes its annual rating default and transition studies to help investors form an opinion of the default potential of it ratings, its outlook on the domestic bond market, as well as rating and bond market commentaries at regular intervals.
Regulatory
Independent external review services for bonds or sukuk issued under the following standards/principles.
Lead Managers
Providing analytics consulting services to entities which are implementing Probability of Default (PD) models for their credit risk management needs. These services target financial institutions which must satisfy regulatory expectations regarding the integrity and comprehensiveness of their internal models.
MARC Ratings Services
MARC Ratings is a licensed credit rating agency with Securities Commission Malaysia, and is a Bank Negara-accredited Externa Credit Assessment Institution.
Ratings
MARC Ratings provides issue ratings for corporate and structured finance projects as well as financial institutions, among others
Key rating methodologies are provided on MARC’s corporate website, ensuring full transparency
Corporate Credit Ratings
Corporate Credit Ratings are a measure of a corporate’s intrinsic ability and overall capacity for timely repayment of its financial obligations
Voluntary ratings that may be sought by companies to enhance corporate governance and transparency
Expected Loss Ratings for Corporate Issuances Supported by Partial Third-Party Guarantees
The Expected Loss (EL) Ratings on partial credit guarantee-supported corporate financings represent MARC Ratings’ opinion of relative loss severity given default, providing investors with insight into the loss severity dimension of credit risk
Corporate Debt Ratings
Financial Institution Ratings assess the creditworthiness of financial institutions, i.e. commercial and investment banks and finance companies.
Financial Institution Ratings
Financial Institution Ratings assess the creditworthiness of financial institutions, i.e. commercial and investment banks and finance companies.
Islamic Financial Institution Ratings
Islamic Financial Institution (IFI) Ratings assess the corporate governance of an Islamic financial institution
An assessment of how the IFI promotes sound governance, transparency and accountability as well as institutional capacity building for improved governance
Project Finance Ratings
Project Finance Ratings are opinions on the credit quality of a project’s debt where such obligations are repaid through project cash flows
MARC Ratings’ project finance analytical framework focuses on identifying specific project risks as well as the feasibility of the project and its sensitivity to the impact of potentially adverse factors
Insurer Financial Strength Ratings
Insurer Financial Strength Ratings assess the financial security characteristics of an insurance company on its ability to meet its policyholder obligations in accordance with the terms of their insurance contracts.
Fixed-Income Research
MARC Ratings publishes its annual rating default and transition studies to help investors form an opinion of the default potential of its ratings, its outlook on the domestic bond market, as well as rating and bond market commentaries at regular intervals
Solar Power Project Finance Ratings
Solar Power Project Finance Ratings outline the approach to assessing utility-scale grid connected solar power plants which are financed on a non-recourse, project finance basis
Rating considerations mainly focus on solar project risks such as regulatory, offtaker, site resources and technological risks
Sovereign Ratings
Sovereign Ratings are assessments of the ability and willingness of a sovereign government to repay its debt obligations in full and in a timely manner
Assigned to sovereign governments based on a domestic rating scale, providing an indication of their creditworthiness relative to other domestic and foreign issuers in MARC Ratings’ universe
Structured Finance Ratings
Structured Finance Ratings assess the likelihood of timely repayment of principal and interest payments on debt securities issued by a corporate
Sukuk Ratings
Sukuk Ratings assess the likelihood of timely repayment of the instruments issued under the various Islamic financing contracts
The assigned rating(s) are differentiated from ratings on conventional debt offerings and other fixed income Islamic capital market instruments
Economic Research
MARC Ratings provides investors with its in-house economics team’s outlook on the domestic economy as well as in-depth commentaries on Malaysia’s budget and Bank Negara Malaysia’s annual report
MARC Ratings also publishes country risk assessments on a regular basis
