Malaysian Rating Corporation Berhad (MARC) was recognised as Malaysia’s Project Finance Rating Agency of the Year by The Asset magazine at its recently held Triple A Rating Agency of the Year Awards.
The Triple A Rating Agency of the Year Awards honour rating agencies which have excelled in Asia.
MARC was recognised for its analytical excellence in rating project finance transactions. It published its first project rating in 1997 and has since remained committed to maintaining its project finance ratings as an authoritative source of information on a project’s relative ability to honour its obligations to security holders.
MARC’s project finance rating encompasses projects within the infrastructure sector, including water treatment facilities, toll roads, petrochemical terminals, gas pipelines and power projects.
Further, the two largest single-project sukuk issues in the global market were rated by the agency. These are the RM 10 billion sukuk issued by Jimah East Power Sendirian Berhad in 2015 and the RM 23.35 billion sukuk issued by Projek Lebuhraya Usahasama Berhad in 2011.
