International ratings agency Fitch downgraded Malaysia from “Positive” to “Stable”, citing the impact of lower oil & commodities prices, and deteriorating demand on electronic exports.
I got a feeling that it could also be due to the recently appointed Finance Minister.
On another note, Fitch also downgraded South Korea from “stable” to “negative”, due to the impact of the global financial crisis. South Korea’s Won has also been listed as Asia’s worst-performing currency this year.
You might want to read these too...
- Bon Simpanan Merdeka (BSM) Oversubscribed
- MAAKL Launches 2 New Funds
- Bonds are Not 100% Risk Free
- Pacific Mutual Declares Income for 5 Funds
- Sick of Exabytes
- Pacific Mutual declares payout for 5 funds
- The Magical X
- PMF Launches Pacific AsiaPac Income
