Malaysia Investors warned to mind the ratings gap
This year has seen a flood of bond issuers tapping the Malaysian markets but investors should be aware that local agencies are working on a different ratings scale to international standards
As part of Malaysia's ongoing effort to promote itself as a financial hub for the region, the country's central bank, Bank Negara Malaysia, late last year threw open the doors on its local bond markets, allowing foreign firms to access funds in its relatively low interest rate environment.
It didn't have to wait long.
First came Gulf Investment Corporation, which managed to raise RM1 billion ($305
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