MARC is pleased to announce that it has been named Rating Agency of the Year (Malaysia) for the year 2021 by Hong Kong-based The Asset magazine. In addition to this, MARC has also been awarded for its role as the external reviewer of Small Medium Enterprise Development Bank Malaysia Berhad's (SME Bank) RM500 million ASEAN Sustainability Sukuk which was named Best Sustainability Sukuk for 2021.
The Asset Triple A Sustainable Capital Markets Country & Regional Awards 2021 are conferred to key institutions that have played a crucial role in the development of finance, banking and the capital markets. The Rating Agency of the Year award recognises the credit rating agency for its contribution to the Asian debt capital markets in providing investors and issuers with relevant benchmarking pertaining to the creditworthiness of corporates, financial institutions and sovereigns.
Commenting on the win, MARC Group Chief Executive Officer Datuk Jamaludin Nasir said, "Winning these two awards this year is truly humbling, and all of us at MARC are thankful for the continued recognition that has been bestowed upon us. The awards also highlight the dedication and commitment of MARC's personnel in providing services to our stakeholders."
MARC was also the recipient of the Rating Agency of the Year (Malaysia) award by The Asset magazine in 2020. Since inception, MARC has provided rating services for various corporate sectors and has since built a solid foundation with strengthened capabilities in infrastructure, project and structured finance given our longstanding track record in rating domestic toll roads, power plants, water assets and ports.
Earlier this year, MARC underwent a corporate restructuring exercise where its rating activities and financial-related services were streamlined into its four main subsidiaries, namely MARC Ratings Berhad, MARC Solutions Sdn Bhd, MARC Data Sdn Bhd and MARC Learning Sdn Bhd. With this transformation and corporate realignment, MARC is on track to carry on strengthening its existing businesses and widening its product offerings.
