Fitch Ratings: Malaysia’s debt capital market to remain steady in 2H24 amid govt fiscal consolidation

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Debt Capital Market News

Fitch Ratings,Malaysia Economy

KUALA LUMPUR, Aug 12 — Malaysia’s debt capital market (DCM) issuance for the second half of 2024 (2H2024) is expected to match 1H levels or fall, driven by the government’s...

‘Right people in the right positions’: Hannah Yeoh aims to put former athletes in key sports bodies before term as minister endsFitch Ratings said in a statement today that impetus could come from financial institutions and corporate issuances as they seek to refinance and diversify funding.

DCM issuance in 1H2024 fell by 8.3 per cent y-o-y to US$45.2 billion due to fiscal consolidation, with the deficit in 1H2024 lower than 1H2023, and the government made around 60 per cent of total issues in 1H2024 or US$28 billion, while financial institutions, corporates, project finance, and others held the rest.

The firm rates US$16 billion of Malaysian sukuk, all investment grade, with issuers on a “Stable” outlook.

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