MARC has affirmed Indonesia’s foreign currency sovereign rating of AA- with a stable outlook based on MARC’s national rating scale. The rating reflects MARC’s opinion of the sovereign’s ability to meet its foreign currency obligations in full and on time. The government of Indonesia has no debt rated by MARC. The rating also serves as a country ceiling for ringgit-denominated debt issued ...

MARC has affirmed the Republic of Singapore’s foreign currency sovereign rating of AAA with a stable outlook based on its national rating scale. The rating reflects MARC’s opinion of the sovereign’s ability to meet its foreign currency obligations in full and on time. The government of Singapore has no debt rated by MARC. The rating also serves as a country ceiling for ringgit-denominated d...

MARC has affirmed South Korea’s foreign currency sovereign rating of AAA with a stable outlook based on its national rating scale. The rating reflects MARC’s opinion of the sovereign’s ability to meet its foreign currency obligations in full and on time. The government of South Korea (GoK) has no debt rated by MARC. The rating also serves as a country ceiling for ringgit-denomin...

MARC has affirmed Malaysia’s sovereign rating of AAA with a stable outlook based on its national scale. The AAA rating reflects MARC’s opinion on the sovereign’s ability to meet its local currency obligations. The rating of AAA represents the sovereign’s ordinal ranking of creditworthiness within the country and excludes foreign currency transfer and convertibility risks. ...

MARC has assigned a foreign currency sovereign rating of ‘AAA’ with a stable outlook to the Hong Kong Special Administrative Region of China (Hong Kong) based on the rating agency’s national rating scale. The government of Hong Kong has no debt rated by MARC; the country ceiling applies to ringgit-denominated issuances by entities domiciled in Hong Kong to reflect the transfer a...

MARC has assigned a foreign currency sovereign rating of ‘AAA’ with a stable outlook to the State of Kuwait (Kuwait) based on the rating agency’s national rating scale. The government of Kuwait has no debt rated by MARC. The foreign currency debt country ceiling applies to ringgit-denominated issuances by entities domiciled in Kuwait to reflect the transfer and convertibility (T...

MARC has assigned a foreign currency sovereign rating of ‘AAA’ with a stable outlook to the Republic of Singapore (Singapore) based on the rating agency’s national rating scale. The government of Singapore (GoS) has no debt rated by MARC; the country ceiling applies to ringgit-denominated issuances by entities domiciled in Singapore to reflect the transfer and convertibility (T&a...

MARC has assigned a foreign currency sovereign rating of ‘AA-’ with a stable outlook to the Republic of Indonesia based on the rating agency’s national rating scale. The government of Indonesia (GoI) has no debt rated by MARC. The country ceiling applies to ringgit-denominated issuances by entities domiciled in Indonesia to reflect the transfer and convertibility (T&C) risk i...

MARC has assigned a foreign currency sovereign rating of ‘AAA’ with a stable outlook to South Korea based on the rating agency’s national rating scale. The government of South Korea (GoK) has no debt rated by MARC; the country ceiling applies to ringgit-denominated issuances by entities domiciled in South Korea to reflect the transfer and convertibility (T&C) risk in ringgit-...

MARC has assigned a national scale sovereign rating of ‘AAA’ to Malaysia with a stable outlook. The Malaysian national scale sovereign rating is essentially a local currency rating and does not capture foreign currency transfer and convertibility (T&C) risks. As the ‘AAA’ rating is the highest grade rating that can be assigned to any local or foreign domiciled ringgit M...