Moody’s Acquires Minority Stake in MARC; Strengthens Presence in Malaysia

Moody’s Corporation (Moody’s), the global integrated risk assessment firm, has acquired a minority stake in Malaysian Rating Corporation (MARC), a credit rating agency based in Malaysia that covers domestic bond and Sukuk markets.

According to a statement released by Moody’s, the investment will reinforce Moody’s presence in Malaysia, which is the world’s largest Sukuk market, global Islamic finance hub, and a prominent market within the Association of Southeast Asian Nations (ASEAN). Wendy Cheong, Managing Director and Head of Moody’s Investors Service Asia Pacific added that Malaysia’s strong local bond market was an appealing factor, and emphasized Moody’s keenness to p...