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CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
MrNobody
790 posts
Posted by MrNobody > 2015-05-29 02:21 | Report Abuse
moody hinting to downgrade... all investor, stock up sleeping pills and panadol.
The escalation of political risks in recent months arising from 1MDB was unforeseen by Moody’s, its sovereign analyst Christian de Guzman told reporters in Kuala Lumpur Wednesday.
Even so, the development has limited impact on Malaysia’s rating because Moody’s doesn’t see a roll back in important fiscal reforms implemented in recent years even if there’s a change in leadership, he said. Malaysia is ranked at its fourth-lowest investment grade.
Insufficient Transparency
While the government’s handling of 1MDB is not as transparent as Moody’s expected and concerns surrounding the company have affected investor sentiment, it doesn’t pose a systemic risk to public finances and the economy, de Guzman said.
Should global commodity prices, and oil in particular, “correct significantly and remain depressed” in 2015 and 2016, Malaysia could see twin fiscal and current-account deficits and renewed capital outflows, Moody’s said.
“While not Moody’s baseline scenario, such a situation would lead Moody’s to reconsider its core views of relative stability for the sovereign and rated entities in Malaysia over the coming quarters,” it said.