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1MDB scandal may see us a credit rating and outlook downgrade

COMMENT With the spectre of all the events that have unfolded very recently, are we about to witness a very troubled nation going into a tailspin? God forbid. But let us face the facts and arguably the imminent outcomes.

Malaysian democracy has indeed been in dire straits for a prolonged while and the systemic failure, if not seriously mitigated, could very well result in a downgrading of Malaysia's sovereign rating and credit outlook.

Firstly, when the attorney-general of Malaysia was visibly clueless, and rebutted the civil suit filed by the attorney-general of the United State of America as "insinuations and allegations", Malaysia's most critical institution is regrettably perceived as dysfunctional.

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