Rating outlook for sukuk remains challenging due to Covid-19, low oil prices

Malaysia's sukuk market issuances are expected to fall this year as the uncertainty caused by the Covid-19 pandemic has led companies to be more cautious, according to RAM Rating Services Bhd.

The rating firm forecasts issuance of private debt securities (PDS) to hit RM100 billion-RM110 billion, comprising quasi-government and corporate bond issuances.

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