Rating Methodologies

MARC has established a list of methodologies that are used as the basis for our ratings.

The methodologies are as listed below:

Asset-Backed Securities

Asset-Backed Securities	-	Structured Covered Bonds
	-	Commercial Real Estate-Backed Securitisation

Corporate Debt Ratings

Non-Financial Corporates	-	Automotive Parts & Components Manufacturers
	-	Construction Companies
	-	Debt Securities Issued By Malaysian REITs
	-	Holding Companies
	-	Oil & Gas Companies/Service Providers
	-	Palm Oil Producers
	-	Port Operators/ Port Authorities
	-	Property Companies
	-	Equity Credit and Notching Approach for Corporate Subordinated Debt and Hybrid Securities
	-	Steel Industry
	-	Highway Investment Trust

Financial Institution Rating

Group Rating Methodology

IFI Governance Ratings Methodology

Impact Bond Assessments Criteria

Insurer Financial Strength Rating

Insurer Financial Strength Rating	-	General Insurance Financial Strength Rating
	-	Life Insurance Financial Strength Rating
	-	Financial Guarantee Insurers Rating Approach

Investment Manager Rating Criteria

Islamic Capital Market Instrument Rating

Project Finance Rating

Project Finance Rating	-	Toll Roads Project Financing
	-	Telecommunication Companies
	-	Independent Power Producer
	-	Solar Power Projects

Rating of Government - Related Entities

Sovereign Ratings

Sub-sovereign Ratings

Third-Party Credit Guarantees Rating Methodology

Status of Rating Methodology Review