Kuala Lumpur: Malaysian Rating Corporation Bhd (MARC) said that it noticed the growth in debt of companies under its universe trending down and this may reflect a more resilient economy on the local front.
“The pace of growth in borrowings has come down. Historically in 2013 it was growing at double digits and now it is at 5%. So the pace of growth has tapered down,” its chief rating officer Rajan Paramesran said at a press conference in KL today.
He said this also bodes well for overall credit profiles of the companies involved.
Some of these companies he said, had also taken active measures to strengthen their balance sheets including through: asset monetization, asset sales, equity divestments, corporate restructuring and rights issuance.