PARLIAMENT | There has been no knee-jerk reaction from the market following the downgrade of Malaysia's sovereign credit ratings by Fitch Ratings, according to Finance Minister Tengku Zafrul Abdul Aziz.
Instead, Zafrul told Lim Guan Eng the market and ringgit remained stable since the rating agency downgraded the country's long-term foreign-currency issuer default rating from A- to BBB+ earlier this month...
But the downgrade “jerked” guanenglim
Idiots!
fitch downgrade of Msia will effect negatively all aspects of msia for the next 5-10yrs .. meanwhile this illegitimate finance minister will go play luxury golf / cycle on his luxury bicycle
Such BS, that even Mustapa_Mohamed is ashamed to look up
Direct PNB and sovereign/ state funds to stop supporting the market, and Bank Negara intervening /prop up the Ringgit artificially. Just for 15 days, then lets see the true scenario. Let's see if your knees with buckle then tzafrul_aziz
Explain the why we have capital outflow.
The cost of debt will rise and future debt raising will suffer. Foreign direct investment will be affected as investors will view this development negatively and it will weaken the currency. We need policies and actions to improve the situation instead of nonsensical statements.