Professional Ancillary Services
Malaysian Rating Corporation Berhad (MARC)
Established in 1996, MARC’s key rating capabilities are in infrastructure, project and structured finance, given its long-standing track record in rating domestic toll roads, power plants, water assets and ports.
MARC provides public and private ratings on companies and their debt instruments, including bank loans, senior and subordinated debts, commercial papers, and hybrid debt instruments.
MARC also covers the securities of a wide range of corporate sectors, including energy, oil and gas, construction, building materials and real estate, commodities, and retail industries.
MARC also rates financial institutions, state governments and structured finance transactions, and regularly publishes independent research on the domestic bond and sukuk markets, industry trends and economic issues of general interest to the investing public.
Since its inception, MARC has completed more than 910 ratings of securities cumulatively worth over RM600 billion.
Effective January 1, 2022, MARC transferred its regulatory license as a credit rating agency with the Securities Commission Malaysia and the Bank Negara Malaysia-accredited External Credit Assessment Institution status to its wholly-owned subsidiary MARC Ratings Berhad.
MARC, as the parent company, acts as the sole shareholder of the group's subsidiaries, which also include MARC Solutions Sdn Bhd, MARC Data Sdn Bhd, and MARC Learning Sdn Bhd, each providing distinct product offerings.
- MARC Solutions Sdn Bhd provides up-to-date data analytic offerings, and risk framework solutions and advisory, as well as comprehensive assessment of environmental, social and governance (ESG) risks.
- MARC Data Sdn Bhd was incorporated as a private limited company and is the data, analytical and digital hub for MARC.
Awards/Accolades/Achievements
Awards
- The Asset Triple A Awards
- Rating Agency of the Year (Malaysia) – 2021, 2020, 2019, 2018
- Project Finance Rating Agency of the Year (Malaysia) – 2021, 2020, 2016, 2015
- Best Sustainability Sukuk (as external reviewer) – 2021 (SME Bank’s RM500 million ASEAN Sustainability Sukuk)
- Global Islamic Finance Awards (GIFA)
- Best Islamic Rating Agency - 2021, 2020, 2019, 2018, 2017, 2016, 2014
- Best Islamic Rating Agency - 2021, 2020, 2019, 2018, 2017, 2016, 2014
Selected MARC rated landmark deals
- Rating for Fortune Premier's MYR3.0 billion Sukuk Murabahah, a special funding vehicle of IOI Properties Group Berhad
- Rating for BEWG Malaysia, undertaken by a Chinese-owned subsidiary
- Rating for Islamic Development Bank, undertaken by a Malaysian incorporated funding vehicle in Saudi Arabia
- TNB Western Energy Berhad’s Islamic securities of RM1.625 billion for working capital and various project-related expenditure
- Petronas Dagangan Berhad’s MYR2.0 billion Sukuk Murabahah Islamic Commercial Papers and Islamic Medium Term Notes Programme for capital expenditure, working capital and/or Shariah-compliant general corporate purposes
- Projek Lebuhraya Usahasama Berhad’s (PLUS) MYR23.35 billion Sukuk Musharakah Programme for the purpose of part-funding the acquisition of the selected Malaysian tolled expressways concessions and the Penang Bridge concession as well as to fund a planned capital spending. Remains to-date the largest rated sukuk issuance by a single entity in the world
- Aman Sukuk Berhad’s MYR10.0 billion Islamic Medium Term Notes Programme to finance the development of facilities and staff quarters for the Royal Malaysian Police via securitisation of future lease receivables from the Federal Government. The first of its kind to be successfully issued
- TTM Sukuk Berhad’s MYR600 million Sukuk Murabahah to finance the development of a cross-border Trans Thailand-Malaysia gas pipeline and separation project undertaken jointly by two national oil companies, Petronas and PTT.
Contact details
Malaysian Rating Corporation Berhad (MARC)
19-07, Level 19, Q Sentral
2A Jalan Stesen Sentral 2
Kuala Lumpur Sentral
50470 Kuala Lumpur, Malaysia
E marc@marc.com.my
T +603 2717 2900
www.marc.com.my
MARC Learning Sdn Bhd
E learning@marc.com.my
MARC Ratings Berhad
E ratings@marc.com.my
MARC Solutions Sdn Bhd
E solutions@marc.com.my
MARC Data Sdn Bhd
E data@marc.com.my
