Public-listed firms doing well

The rating agency said this is due to the financial agility of larger corporates supported by their reserves from robust earnings growth in previous years and the accommodative financing environment.

PETALING JAYA: Large public listed corporates have fared relatively better in terms of financial performance than the small and medium-sized enterprises (SMEs) amid the Covid-19 pandemic, according to RAM Rating Services Bhd.

The rating agency attributed this to the financial agility of larger corporates supported by their reserves from robust earnings growth in previous years and the accommodative financing environment.