MDV's AA3 / Stable / P1 Ratings Reaffirmed, Highlighting Its Vital Role in Malaysia's Tech Financing Landscape

RAM Ratings has reaffirmed Malaysia Debt Ventures Berhad’s (MDV) corporate credit rating at AA3 and short-term rating of P1, with a stable outlook. The ratings also extend to MDV’s RM2.0 billion Conventional and Islamic Commercial Papers/Medium-Term Notes Programmes, initially established in 2022. 

This reaffirmation underscores MDV’s enduring position as a key technology financier within Malaysia, supported by strong government backing and solid financial fundamentals.

These ratings reflect MDV’s improved financial performance in FY2024, consistent track record in supporting Malaysian tech-driven companies and start-ups, particularly in MDV’s mandated sectors typically underserved by conventional financial institutions. MDV’s financing continues to be critical to driving innovation, advancing the national green and digital agendas, and contributing to Malaysia’s economic progress. 

Rizal Fauzi, Chief Executive Officer of MDV, said, “The reaffirmation of our AA3/Stable/P1 ratings allows MDV to stay firmly on track with our plans to strengthen support for our mandated sectors, including ICT, biotechnology, green technology, emerging technology and start-ups. As Malaysia accelerates its energy transition, MDV is also poised to finance more companies undertaking energy transition and digital growth projects that align with the nation’s long-term sustainability and innovation agenda.”

He further added, “These ratings not only enhance our ability to secure external funding but also reflect the Government’s continued confidence in MDV’s role as the country’s leading technology financier. With the RM2 billion sukuk and bond programme reaffirmed, our capacity to fund high-impact mandated industries has been significantly reinforced.”

Since its first credit rating in 2019, MDV has pursued financial self-sustainability while fulfilling its strategic mission to fill the financing gap for underserved technology sectors. This involves supporting innovative projects across its mandated sectors, which are critical for diversifying Malaysia’s economic base and nurturing high-growth potential industries.

With these ratings, MDV is well-positioned to continue driving Malaysia’s tech-led transformation. Its strengthened capacity ensures ongoing support for technology adoption, sustainable growth, and economic resilience into the broader national economy.

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