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M'sian firms have stronger debt protection metrics than Asean peers | Daily Express Online


Published on: Friday, March 05, 2021
By: Bernama
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Kuala Lumpur: Malaysian firms have stronger debt protection metrics than their Asean peers, said RAM Rating Services Bhd (RAM Ratings).
“The average Malaysian firm also has enough cash to support 3.5 months’ operating expenses,” the credit rating agency said in a statement on Thursday.
Citing its broader analysis of corporates in Asean-6 (Asean-5 + Vietnam) in its annual Corporate Default and Rating Transition Study, RAM Ratings said although half of the companies listed on Bursa Malaysia still reported weaker earnings of -0.8 per cent year-on-year in the third quarter of 2020 (Q3 2020), their debt protection metrics remained intact. ....

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