Centre for Market Education (CME) chief executive officer Carmelo Ferlito said the new outlook by S&P Global Ratings may ease the bond sell-off. “But, again, this (upgrade) would create more debt, which means more instability and more inflation,” he told StarBiz.
PETALING JAYA: For the Malaysian bond market, which has suffered a deep sell-off in the first half of June, the recent upgrade of the country’s credit ratings outlook is a timely boost to sentiment.
It remains to be seen how significant the impact of the upgrade would be, but the market has in general welcomed S&P Global Ratings’ move to revise Malaysia’s outlook to “stable”.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
