SC lays out conditions for credit rating agency independence
Among others, the appointment of board members and CEOs should be subject to assessment as well as SC approval, while agencies should also form a rating committee to keep board members and shareholders from getting involved.
RAM votes to raise shareholder threshold, paving the way for CTOS takeover plan
The decision comes amid concerns about RAM's independence as a leading rating agency.
SC green light for CTOS to take over RAM criticised ahead of June 9 AGM
Analysts and market observers warn that the company's credibility as a debt rating agency will come under question.
RAM claims independence not an issue with shareholders composition
It says key safeguard measures are in place to ensure that its independence and integrity are not affected.
Storm brewing in Malaysian debt capital market as new entity set to take control of RAM rating agency
CTOS Digital has received approval from the Securities Commission to acquire a majority stake in RAM, in a controversial move that raises questions about integrity in Malaysia's debt capital market.