KUALA LUMPUR (April 25): Credit rating agency RAM Rating Services Bhd expects the Malaysian bond market to remain resilient despite the risk of being removed from global index provider FTSE Russell’s World Government Bond Index (WGBI) due to concerns about market liquidity. Head of data analytics Julie Ng said the expectation is based on strong corporate fundamentals, low foreign participation in the corporate bond market and ample liquidity in the market. She said foreign participation in the corporate bond market is only at the lower single digit. She said Malaysia also has ample liquidity in the market and capable local investors to step in if foreigners decided to exit the corporate bond market. So, we thought bond issuance might not be able to keep the same amount this year as per last year,” she said.

Source: The Edge Markets April 25, 2019 11:15 UTC