Generally, (Indonesia) is still gradually improving. When we had the positive outlook, we thought it was improving faster.
More Quotes from Ping Chew:
The fiscal position has to improve not just from the revenue front but also the expenditure side. At present, India's expenditure remains rigid, with spending on interest, salaries and pension limiting ability to spend on other critical areas.Ping Chew
A rating upgrade can be considered only if the debt burden keeps reducing, not just through revenue growth, but also through expenditure improvement.
Ping Chew
Further liberalization of the economy and infrastructure improvements will help India's trend growth. Such reforms coupled with continued fiscal consolidation will help India achieve investment grade over time.
Ping Chew
If you look at what most other money going into China is earning, it is not that inefficient. If you don't invest in U.S. bonds, what do you invest in
Ping Chew
This will definitely add to pressure, especially from lawmakers in the U. S. for further appreciation of the yuan.
Ping Chew
The 'A-' rating on the proposed notes reflects the direct, irrevocable, and unconditional guarantee by the government of Malaysia.
Ping Chew
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