Moody’s Corp has acquired a minority stake in Malaysian Rating Corporation Bhd , strengthening MARC’s position as a leader in the sukuk market as well as Moody’s’ position as a mainstay of global credit ratings and analytical tools.
“It will also enable MARC to further contribute to the sustainable development of Malaysia’s domestic capital markets in terms of a broader experience and outlook,” he said at a virtual media conference. “We recently launched our impact bond assessment with a more comprehensive assessment of environmental, social, and corporate governance risks, we look forward to Moody’s’ input in this going forward,” he said.
She said Malaysia has the region’s largest corporate bond market and has established itself as a global hub for islamic finance with the world’s largest sukuk market. As credit rating agencies, she said, it is their role and mission to enhance understanding of credit risks and improve transparency in the markets they operate in.
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