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BBH analysts say Malaysia's ratings are below their model, which suggests a BBB+ rating against actual A-. They note that inflation rose to 3.7% in August and that GDP grew 5.8% in Q2.
They also flag speculation that Prime Minister Najib may call early elections.
Stronger growth and rising inflation support the ringgit and Malaysian demand for commodities, although the note itself is a sovereign credit view. The price implication for feed is minimal.
octaafrica.netSep 26, 2017Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
