malaysias-rating-and-outlook-remain-unchanged

Malaysia's rating and outlook remain unchanged

The unexpected and potentially destabilising outcome of Malaysia's recent elections has not affected the sovereign's ratings.
MoodyÆs declared yesterday that MalaysiaÆs rating and outlook will not be affected after the current ruling coalition Barisan Nasional, led by Prime Minister Abdullah Badawi, failed to secure the two-thirds parliamentary majority.

Malaysia's new emergent political dynamic, wherein the position of Barisan Nasional has experienced an erosion, may lead to a policy shift,ö says Aninda Mitra, a senior analyst with Moody's sovereign risk unit.

The unexpected outcome of the election was due, according to some commentators, to Barisan Nasional's failure to deal with corruption, crime and discontent among minority Chinese and Indian groups.

ôHowever, it is too early to read the post-election policy framework, including how it applies to planned regional infrastructure projects and development...
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