KUALA LUMPUR: Malaysia and Singapore are the two countries in ASEAN with well-established credit bureaux which aggregate extensive data from various sources, supported by the high level of banking penetration in their economies, according to Moody’s.
In its Moody’s Ratings note on financial institutions in the region today, the agency said credit bureaux play a key role in providing lenders with a centralised platform to obtain borrower credit information, reducing information asymmetry and supporting lending decisions.
