KUALA LUMPUR: Moody’s Ratings expects Khazanah Nasional Bhd’s market-value-based leverage to remain between 30% and 35% over the next few years.
Since adopting an active investment approach in 2004, Khazanah has grown its portfolio’s net asset value at a compound annual growth rate of around 5%, the rating agency said.
“Khazanah has achieved this growth while maintaining prudent financial policies, including a public leverage target,” Moody’s Ratings said.
The agency also highlighted that the credit strength of the 11 rated government-owned investment holding companies, including Khazanah, collectively controlling nearly US$2 trillion in assets globally as of 2023, generally reflects the creditworthiness of their respective governments. — Bernama
