MARC: Less conducive capital-raising scenario

Despite the market challenges, MARC Ratings projected corporate bond issuance to moderate slightly in 2022 to between RM100bil and RM110bil.

PETALING JAYA: Malaysia’s capital-raising environment is expected to become less conducive this year, according to MARC Ratings.

This is amid rising financing costs as central banks scale back their monetary stimulus.The ratings agency also cautioned that the current trend of negative rating actions outpacing positive ones in MARC Ratings’ universe would prevail as rising financing costs weigh on corporates’ credit metrics.