Tag: property market moody’s

Somehow, the ‘heavy rain’ has also created some rainbows here and there. Moody’s Investor’s Service said that the depreciation of Ringgit of about 11% (yes recovered slightly on 4th Feb 2015) will not affect Malaysia’s sovereign rating much. The reason is because 97% of the government’s debt is denominated in Ringgit. Quite a clever government…