News about Moody

"The group's plans to expand its New York gaming operations under Genting Malaysia Bhd may affect its credit quality, but such developments, including the timing and funding structure of the investment, ultimately hinge on the awarding of the casino licence, which remains uncertain at this point.

KUALA LUMPUR (July 26): Southeast Asia has lagged the pace of recovery in the Asia-Pacific region (APAC) with the economies in the former still performing below pre-pandemic peaks in the first quarter (1Q21), according to Moody’s Analytics.

KUALA LUMPUR (Feb 24): Malaysia's economic outlook is marked as "at risk", Moody's Analytics said today, as the country's Covid-19-driven Movement Control Order (MCO), which bars interstate travel, spurs expectation of slower economic and business growth.

KUALA LUMPUR (Jan 28): Moody's Investors Service today affirmed the Malaysian government's local and foreign currency long-term issuer and local currency senior unsecured debt ratings at A3, and kept its outlook at stable.

KUALA LUMPUR (June 29): Funding for Asia-Pacific (APAC) infrastructure projects will become increasingly diversified in the "new normal" following the Covid-19 pandemic, according to a report by Moody's Investors Service.

KUALA LUMPUR (Feb 26): A global recession is likely if COVID-19 becomes a pandemic, and the odds of that are uncomfortably high and rising with infections surging in Italy and Korea, according to Moody’s Analytics.

KUALA LUMPUR (Feb 25): Malaysia’s 2020 real gross domestic product growth should slow to 4.

SINGAPORE (July 31): Singapore's retail Reits will face increased supply of space, which is a bigger threat than online shopping over the next 12 to 18 months, the Straits Times (ST) cited a sector report released by Moody's Investors Service on Tuesday (July 31).

  KUALA LUMPUR (March 12): Banks may face risks on their commercial property loans, as a looming oversupply of office buildings and shopping malls may lead to a correction in valuations, said a Reuters story citing a report by Moody’s dated March 9.

PETALING JAYA (Nov 27): A protracted period of property supply overhang may cause a material decline in property prices as market valuation adjusts to reflect lower demand, said Moody’s Investors Service.