Does Moody's downgrade or revision really matter?

COMMENT Senator Abdul Wahid Omar, Minister in the Prime Minister's Department, said that Moody’s Investors Service’s revision of the country's sovereign rating outlook to stable from positive is not a downgrade .

He insisted that it is a "revision" in the outlook which is reflecting the current global economic scenario.

Moody’s has affirmed the government of Malaysia’s issuer and senior unsecured bond ratings at A3 and changed the outlook to stable from positive.

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