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[Tempatan]
..ratings Malaysia jatuh menjunam dari "A-" menjadi "BBB+".
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Edited by pyropura at 5-12-2020 12:06 AM
Malaysia’s Fitch sovereign rating revision due to Covid-19, political developments
KUALA LUMPUR, Dec 4 — The revision of Malaysia’s rating by Fitch Ratings is primarily driven by the negative impact of the Covid-19 pandemic on the country’s fiscal position and the ongoing domestic political situation, Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz said.
He expressed the government’s disappointment with the rating outcome, particularly in light of the current exceptional circumstances when the Covid-19 pandemic is still unfolding.
He said Malaysia has already started to see the green shoots of economic recovery, attributed to the various stimulus packages implemented by the government since March 2020.
“By honing in on Malaysia’s fiscal position and political situation, Fitch’s decision does not give due justice and credit to our crisis response efforts and our strong economic fundamentals,” he said in a statement.
Fitch today said it has downgraded Malaysia’s sovereign rating from ‘A-’ to ‘BBB+’, with an improved outlook from negative to stable.
According to Tengku Zafrul, credit rating agencies have taken over 220 negative rating actions since early March, with more than 100 sovereign downgrades as policymakers take urgent and vital measures to protect lives and livelihood.
Governments globally have committed US$11.7 trillion (RM47.5 trillion) in economic stimulus packages, leading to an increase in fiscal deficits by an average of nine per cent of gross domestic product (GDP), with global public debt projected to approach 100 per cent of GDP by end 2020, he said.
Back home, he said sound economic fundamentals and decisive fiscal measures have enabled Malaysia to respond swiftly, effectively and strategically to the challenging environment, whilst maintaining economic growth and resilience for the future.
The government has responded swiftly and consistently in addressing the Covid-19 crisis with four stimulus packages worth RM305 billion or US$75 billion about 20 per cent of GDP to help people and businesses.
“These packages are expected to contribute over four percentage points to GDP growth in 2020.
“The targeted and temporary nature of the stimulus measures have helped limit the impact on the fiscal deficit,” he said.
He said the government had also halved its fiscal deficit from 6.7 per cent of GDP in 2009 to 3.4 per cent in 2019, and is still expected to remain amongst the lowest within the A category in 2020.
Tengku Zafrul said Malaysia is set for a sharp recovery path in 2021 driven by the stimulus packages implemented this year, while Budget 2021 which is expected to contribute to the 6.5 per cent to 7.5 per cent projected growth next year.
Malaysia’s credit standing is also supported by its robust external position, underpinned by 22 years of consistent current account surplus and substantial external assets held by banks and corporates.
“In terms of liquidity, we are supported by deep and well-diversified capital markets.. Malaysian banks are now significantly more resilient to shocks compared to previous crises,” he said.
Meanwhile, Tengku Zafrul said the government takes note of Fitch’s concern regarding the domestic political situation.
“Yet, it is worth noting that key legislations have been passed in relation with the financing of Covid-19 measures, as well as for the protection of affected businesses and individuals until 2022.
“Budget 2021 was also recently passed at the policy stage on the back of continuous government engagement with numerous stakeholders,” he said. — Bernama |
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Post time 6-12-2020 01:59 PM
From the mobile phone
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Bagi alasan kovid menteri Cimb nih. Thailand singaporn semua tu takdak kovid ka??? Takde pun menjunam ke gred BBB.  |
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Hampas betul PH DAP
mansuh GST, buat hutang banyak2, jarah petronas
datang siber trooper bodo tunjuk jari pada orang lain |
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Tak usah delusional menipu diri sendiri ... tak baik
Contribution Petronas :
From its inception in 1974 to end-2014, Petronas had contributed RM881.3 billion in dividends, taxes, royalties and duties to federal and state coffers, company data shows. If one were to include the RM230.6 billion in foregone revenue (gas subsidy) since regulated gas prices came into effect in May 1997, Petronas’ monetary contribution to Malaysia’s economy would amount to a whopping RM1.11 trillion over the past four decades.
To put that into perspective, RM1.11 trillion would be enough to pay off Malaysia’s government debt of RM623 billion, cover the RM175.8 billion debt guaranteed by the government as at end-September 2015 and comfortably fund Budget 2016, with RM40 billion extra to double cash transfers and allocation for education, health and housing.
Agak2 sapa kerajaan masa tersebut : tak lain tak bukan party assobiyyah tu
Semua duit tu kemana? Dok tampal ketirisan dengan jarah duit dari Petronas
Dah sapu bagus punya tapi sekarang dok bebel ... jarah Petronas ... jarah Petronas
Apa daaa .....
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Kehancuran 22 bulan dah cukup mematangkan kita Melayu |
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Edited by sam1528 at 6-12-2020 06:39 PM
Kehancuran?
Untuk kaki songlap harta rakyat tu ke?
Oh ye ... lagi satu ... dah lama aku nak tanya ni kat macai2 totok macam ko
Isu gantung tanglung aritu apa problem dia?
Aiyoyo ....
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Masa ph aritu rating petronas jatuh, takda covid takda ribut takda apa
Macai dap bukan main backup hahahhaha
Bengap la katakan.. |
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sian.... sumber dari budak terencat twitter jah
"Fitch expects the fiscal deficit to remain higher than pre-pandemic levels, given a continuation of support measures and political pressure for higher spending. The 2021 budget targets a deficit of 5.4% of GDP, from an estimated 6.0% in 2020, and an average deficit of 4.5% of GDP from 2021 through 2023. We believe these targets are achievable. We expect government revenue to remain low at 19.1% of GDP in 2020 ('BBB' median: 31.4%) and dependent on oil production, which the government expects to generate 22% of total revenue this year, including a special dividend from national oil company Petroliam Nasional Berhad (PETRONAS). The low and concentrated revenue base - exacerbated by the removal of the GST in 2018 - has in recent years led the government to draw on dividends of government-linked companies, pending the introduction of new and more sustainable sources of revenue, which Fitch understands are being considered for the medium term."
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ckp pasal kehancuran ni...korang dah hancurkan kerajaan negeri kat perak tu pastu dok jilat dapig nak form kerajaan tu ape cer??adakah ianya mematangkan melayu???aku harap lepas ni undi melayu tidak lagi pada umngok.sedarlah kamu wahai bani melayu...umno ni parti celaka
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Edited by sam1528 at 6-12-2020 07:23 PM
Ha ha ha ha ... bila sorang yang mengaku pakar microeconomy yang klaim hutang tak payah bayar dok nak paham english
Ni dia metrics yang menyebabkan downgrade tersebut :
Government debt metrics have deteriorated due to the pandemic. Fitch expects general government debt to jump to 76.0% of GDP in 2020 from 65.2% of GDP in 2019. The debt figures used by Fitch include officially reported "committed government guarantees" on loans, which are serviced by the government budget, and 1MDB's net debt, equivalent in September 2020 to 12.6% and 1.3% of GDP, respectively. On this basis, the debt burden is significantly higher than the medians of 59.2% and 52.7% for the 'A' and 'BBB' rating categories, respectively. Malaysia's debt is close to 400% of revenue, around three times the peer median.
This is interesting :
... in Fitch's view. After a significant improvement in 2019, Malaysia's World Bank governance score weakened slightly in 2020, to the 64th percentile, and is closer to the 'BBB' median of 58th percentile than the 'A' median of 76th percentile. Deterioration in governance and continued political uncertainty could dampen investor sentiment, constraining economic growth.
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kalau kau klik sumber twitter tu pun. ada jer image yang di snap dari laman fitch tu. Memang ada banyak sebab. Antara lain dividen petronas, hutang 1mdb, langkah sheraton, penghapusan gst.
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Pusing ikut mana pun
dah tak boleh nak menipu lagi |
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ResellerMaxis replied at 6-12-2020 07:28 PM
kalau kau klik sumber twitter tu pun. ada jer image yang di snap dari laman fitch tu. Memang ada b ...
Propaganda DAP seolah olah puncanya cuma dari 1mdb dan PN jadi kerajaan jah
Biar orang macam ko tahu punca terbesar apa.. ikut artukel dari fitch tu pon tahu berdasarkan urutan perenggan |
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kemaruk replied at 6-12-2020 09:30 PM
Propaganda DAP seolah olah puncanya cuma dari 1mdb dan PN jadi kerajaan jah
Biar orang macam ko ...
Ni kan zaman kerajaan pn. Patut kerajaan pn rungkailah apa yang dibangkitkan oleh fitch tu. Barulah x di downgrade.
Tengok zaman ph. Walaupun hapus gst n cekau dividen petronas. Xde pun di downgrade.
By the way. Sebelum ni di zaman najib kita dah di down grade sekali dari a ke a-. Now zaman abah sekali lagi downgrade. |
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ResellerMaxis replied at 6-12-2020 09:54 PM
Ni kan zaman kerajaan pn. Patut kerajaan pn rungkailah apa yang dibangkitkan oleh fitch tu. Barula ...
Sebab ambil dividen khas dari petronas dan jual aset, memang la rating malaysia tak jatuh
Tapi rating petronas le yang jatuh sebab duit kena jarah
Penyokong dap tak tau kot pasal nih |
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kemaruk replied at 6-12-2020 10:17 PM
Sebab ambil dividen khas dari petronas dan jual aset, memang la rating malaysia tak jatuh
Tapi ...
Berbelit lah statement kau. Kejap sebab amik dividen petronas tahun ni rating jatuh. Ni kau kata sebab dividen petronas rating xjatuh. |
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kok tak paham
petronas pon ada credit rating dorang sendiri, jatuh tahun lepas sebab dijarah oleh kerajaan PH
sebab kerajaan jarah wang petronas ler credit rating malaysia tak jatuh
paham tak? credit rating malaysia =/= credit rating petronas
kalau tak paham pon takpe, orang macam ko memang tak tahu apa2 pon
https://www.theedgemarkets.com/a ... ve-ratings-affirmed
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sam1528 replied at 6-12-2020 07:22 PM
Ha ha ha ha ... bila sorang yang mengaku pakar microeconomy yang klaim hutang tak payah bayar dok na ...
Wow. After significant improvement by lge walaupun amik alih kerajaan yang serba kepincangan penuh backdoor agreement untuk cover up 1mdb.
Kalau bagi lge 2 3 tahun lagi jadi mof mesti boleh kembali ke paras a macam sebelum zaman najib.
Zaman najib dah jatuh ke a-. Bagi tengku zafrul xsampai setahun dah jatuh lagi. |
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orang macam ko memang senang terpedaya
sebab jarah duit petronas ler punca significant improvement tuh
btw, korang tau tak credit rating ni ape?
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Post time 4-12-2020 11:41 PM
变色卡
