BPA Malaysia Ringgit Bond Index overview as at end of April 2011

A rating action affecting the water industry had a major impact on the performance of the corporate bond and sukuk groups. The downgrade by MARC on 6th April 2011 of most of the water utility players caused a drop in value of RM1.052 billion from the market. Despite the sharp drop in the corporate market, the Government bond market rallied.

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