MARC transfers credit rating agency licence to unit


MARC said Dr Veerinderjeet Singh has been appointed as chairman of MARC Ratings’ board of directors.

KUALA LUMPUR: Malaysian Rating Corp Bhd (MARC) is transferring its regulatory licence as a credit rating agency to its wholly-owned subsidiary, MARC Ratings Bhd, effective Jan 1, 2022.

In a statement yesterday, MARC said the corporate realignment exercise will lay the groundwork for further group-wide transformation.

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