Moving forward, MARC expected corporate bond issuances to normalise in line with the gradual uptrend in yields of Malaysian Government Securities and corporate bonds.
KUALA LUMPUR: Malaysian Rating Corp Bhd (MARC) has downgraded Talam Transform Bhd
’s RM134.2mil settlement Bithaman Ajil Islamic Debt Securities (BaIDs) rating to CIS from B-IS.
In a statement Friday, MARC said the downgrade reflected the increased uncertainty of Talam’s ability to meet its upcoming final BaIDs payment of RM52.1mil on June 28, 2019.
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