Malaysian corporations in good stead to ride out recession

Malaysian firms finncial standings

KUALA LUMPUR: Malaysian corporations are in good stead to ride out the recession due to their sound balance sheet, cash reserves and their ability to cut operating expenses to conserve cash, says RAM Rating Services Bhd.

In its corporate default and rating transition study issued yesterday, the rating agency said corporate firms started the lockdown, which was imposed on March 18, with relatively sound balance sheets, with headroom to ride out a short recession.