Thursday 17 September 2015

RAM expects corporate bond markets to remain muted

RAM Ratings expect the corporate bond markets to remain muted this year, with private debt securities (PDS) issuance expected to fall in the range of RM75bil to RM85bil against its gross domestic product forecast of 4.9%.

“The challenges and uncertainties, both domestic and external, will also have a substantial bearing on the private sector’s investment decisions, especially funding plans. That said, infrastructure projects already committed to under the Economic Transformation Programme, the 11th Malaysia Plan and Budget 2015 are expected to continue,” it said in a statement.

The credit agency has published its corporate default and rating transition study for the first half 2015. The study found that no issuer defaulted in the first six months of 2015.

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