KUALA LUMPUR: Malaysia will remove restrictions on unrated securities from Monday as it seeks to deepen the ringgit debt market even after investors in neighbouring Singapore got burned. Malaysia has the largest debt market in South-East Asia as well as the world’s biggest for Islamic securities. The amount of unrated securities in the country isn’t significant relative to the overall market, the SC said, without giving a number. Prior to this, companies could only issue unrated bonds that aren’t transferable or traded. The SC relaxed the rule in 2015, allowing only unrated debt that had been outstanding for at least two years and sold to sophisticated investors to change hands.

Source: The Star January 13, 2017 23:39 UTC