Malaysia Downgrade - MOF Disappointed, But Not Surprised
Zakiah Jaafar, Deputy Secretary-General (Policy), Ministry of Finance
You can share this podcast by copying this HTML to your clipboard and pasting into your blog or web page.
Last week, Fitch Ratings downgraded Malaysia’s sovereign rating from A- to BBB+ with a stable outlook. This has a real fiscal impact on the country because a downgrade typically denotes a higher risk of default, which in turn means it will be more costly for Malaysia to borrow funds. So what does the Ministry of Finance think about this downgrade? We speak to Puan Zakiah Jaafar, Deputy Secretary-General of Policy at the Ministry of Finance, to find out.
Image Credit: Willy Barton / Shutterstock.com
Produced by: Roshan Kanesan
Presented by: Wong Shou Ning
This and more than 60,000 other podcasts in your hand. Download the all new BFM mobile app.
Categories: Business Analysis, Trends and Forecasts, Markets, Politics, Social Issues, Personal Finance, Investments, Financial Literacy, law & legal matters, SME
Tags: fitch ratings, ministry of finance, malaysia downgraded, budget 2021,