Rating agencies provide independent opinions on the credit risks and potential default risk of specific issuers. To promote transparency in the bond market, information on ratings is widely disseminated to all existing and potential corporate bond and sukuk investors on a timely manner. The first rating agency, Rating Agency Malaysia Berhad (RAM) was established in November 1990, while the second rating agency, Malaysian Rating Corporation Berhad (MARC) was incorporated in October 1995. Currently, all issues, offers or invitations of corporate bond and sukuk must be rated by a rating agency recognised by the Securities Commission, unless exemptions were given by the Securities Commission.

Rating Agency Malaysia  www.ram.com.my

Malaysian Rating Corporation Berhad www.marc.com.my