MARC has affirmed its AAA issuer rating on Credit Guarantee Corporation Malaysia Berhad (CGC) with a stable outlook. The affirmed rating incorporates systemic support uplift from the institution’s stand-alone credit strength based on CGC’s public policy role to facilitate access to financing for small- and medium-enterprises (SMEs) and its majority ownership by the government via centr...

MARC has affirmed its AAA issuer rating on Credit Guarantee Corporation Malaysia Berhad (CGC) with a stable outlook. The affirmed rating takes into account CGC’s sound capitalisation and prudent investment practices as well as the changes that CGC has embarked on in recent years to transform itself into a commercially driven institution. CGC’s adoption of a risk-adjusted pricing method...

MARC has affirmed its AAA issuer rating on Credit Guarantee Corporation Malaysia Berhad (CGC) with a stable outlook. The rating agency continues to classify CGC as a government-related financial institution on the basis of its public policy role of facilitating access to financing for small and medium enterprises (SMEs) by providing credit guarantees, and its majority government shareholding. CGC&...

MARC has affirmed its AAA issuer rating on Credit Guarantee Corporation Malaysia Berhad (CGC). The rating is underpinned by the high likelihood of government support, in view of CGC’s public policy role in providing credit access to small- to medium-sized enterprises (SME) and the majority shareholding by Bank Negara Malaysia (BNM). The rating also takes into account the corporation’s ...

MARC has affirmed its AAA issuer rating on Credit Guarantee Corporation Malaysia Berhad (CGC). The rating reflects CGC’s important policy role in promoting access to financing for small and medium enterprises (SMEs), as well as its majority-ownership by Bank Negara Malaysia (BNM). The rating also takes into consideration the credit guarantee provider’s strong capitalisation, adequate l...

MARC has affirmed its AAA issuer rating on Credit Guarantee Corporation Malaysia Berhad (CGC). The rating continues to reflect CGC’s role as a policy institution in promoting access to financing for small and medium enterprises (SMEs), as well as its majority-ownership by Bank Negara Malaysia (BNM). The rating is also underpinned by the credit guarantee provider’s robust capitalization...

The financial strength rating of CGC is underpinned by the institution’s healthy financial fundamentals, its sound credit culture and adequate risk governance procedures. While CGC's loan guarantee schemes portfolio intrinsically involves higher credit risks, this has been effectively managed and mitigated. CGC’s liquidity and capital are adequate given the institution's controlled ris...