MARC

About MARC

Established in 1996, Malaysian Rating Corporation Berhad (MARC) operates as a key financial services provider within Malaysia's capital markets. The company was incorporated on October 25, 1995. MARC functions as a holding company for a group of specialized subsidiaries: MARC Ratings Berhad, MARC Data Sdn Bhd, MARC Solutions Sdn Bhd, and MARC Learning Sdn Bhd, each delivering distinct services. A significant milestone occurred in August 2020, when Moody's Corporation acquired a minority stake in the company, a strategic move to enhance its presence in the Southeast Asian market. Effective January 1, 2022, the parent company transferred its credit rating agency license to its wholly-owned subsidiary, MARC Ratings Berhad, which is accredited by the Securities Commission Malaysia and Bank Negara Malaysia.

The MARC Group's business model is centered on providing a comprehensive suite of services that address various aspects of the capital markets. Revenue is generated through fees for these diverse offerings. MARC Ratings is the core of the operation, providing public and private credit ratings for companies and their debt instruments, such as bank loans, commercial papers, and sukuk. Its expertise is particularly noted in infrastructure, project finance, and structured finance, covering sectors like toll roads, power plants, and ports. MARC Solutions delivers credit risk and ESG risk analytics, alongside consulting services for entities implementing Probability of Default (PD) models. MARC Data serves as the data and analytics hub, while MARC Learning offers training programs primarily focused on the debt capital markets. The client base includes large corporations, financial institutions, and state governments across industries such as energy, real estate, construction, and commodities.

The product portfolio is segmented across its subsidiaries. MARC Ratings provides detailed credit assessments, economic analysis, and fixed-income research, including widely recognized ratings for corporate debt and sukuk issuances. A key achievement includes rating the world's largest single-rated sukuk issued by PLUS Berhad. MARC Solutions offers "Credit Mapper," a credit risk assessment tool, and sustainability-related assessment services. MARC Data provides data analytics and credit reporting services. MARC Learning conducts specialized training and development courses. The group is known for its extensive research publications on the domestic bond market, industry trends, and economic issues, which are available to the investing public.