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Loan default by 1MDB unlikely to rock KL banking sector: Fitch

Meanwhile, 1MDB is pushing ahead to develop a retail-led project in TRX, a new financial district in KL

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Fitch Ratings has said that a default by the debt-laden 1Malaysia Development Bhd (1MDB) is unlikely to destabilise Malaysia's banking sector, as its exposure is containable.

Kuala Lumpur

FITCH Ratings has said that a default by the debt-laden 1Malaysia Development Bhd (1MDB) is unlikely to destabilise Malaysia's banking sector, as its exposure is containable.

Meanwhile, the state-owned agency has appeared to move with some urgency towards rationalising