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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Moodys Corp | NYSE:MCO | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 3.65 | 0.98% | 376.54 | 377.65 | 360.05 | 368.84 | 1,343,828 | 21:17:03 |
From May 2019 to May 2024
Malaysia will scrap mandatory ratings for bonds issued in the country and allow foreigners to wholly own unit-trust management companies.
The bond-ratings requirement will be removed starting Jan. 1, 2017. The government will also allow foreign-owned rating agencies to operate in Malaysia.
"The entry of international agencies will further enhance the quality and standards of rating services, introduce a more competitive fee structure and widen both expertise and the range of credit-rating services on offer," Malaysia's Prime Minister Najib Razak said in an address at an investor conference.
Foreigners will be allowed to own 100% of unit-trust management companies. "There will be no barrier to entry for foreign unit-trust management companies coming into Malaysia," he said.
Write to Jason Ng at jason.ng@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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