Moody’s: Sovereign Sukuk Issuances in Malaysia Softens Decline in Private Sector Issuances during 1H 2020

Moody’s Investor Services (Moody’s) reported an 8% year-over-year (YoY) decline in domestic Sukuk issuances in Malaysia during the first half of 2020 (1H 2020), with the effect of a 28.8% YoY decline in private-sector issuances mitigated by a 39.2% YoY increase in sovereign issuances.

According to Christian de Guzman, a Moody's Senior Vice President, revenue shortfalls and the need to finance stimulus packages in the wake of COVID-19, made up for companies delaying or cancelling investment plans as a result of the on-going pandemic.

Sovereign Sukuk issuances are anticipated to continue in Malaysia through the second half of 2020, as market conditions improve and the Go...