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

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
	-	Steel Industry
	-	Equity Credit and Notching Approach for Corporate Subordinated Debt and Hybrid Securities

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