M’sian firms have better ability to repay debt

Although half of the companies listed on Bursa Malaysia still reported weaker earnings in the third quarter of last year (Q3) which stood at minus 0.8% year-on-year (y-o-y) compared to minus 33% in Q2, their debt protection metrics remained intact.

PETALING JAYA: Malaysian firms have stronger debt protection metrics or ability to service debt obligations compared with their Asean counterparts, according to RAM Ratings.

RAM Ratings’ analyst, Han Ting Ting, told StarBiz, “Our broader analysis of corporates in Asean-6 reveals that Malaysian firms have stronger debt protection metrics than their Asean peers”.