KUALA LUMPUR: Malaysia’s gross Private Debt Securities (PDS) issuance is expected to be worth RM120 billion in 2024, said Maybank Investment Banking Group (Maybank IBG).
Key drivers include healthy economic activities, conducive funding conditions, ongoing/planned infra projects and refinancing for large RM96.2 billion maturities, the bank said.
“We expect a continuation of healthy demand for ringgit-denominated credit in 2024.
“Rating migration trend was overall slightly positive in 2023,” Maybank IBG said in a note today.
It expects a continuation of stable credit conditions, supported by healthy macro settings, although there will be pockets of weakness in individual credits. – BERNAMA
