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Yields on Malaysia's Islamic bonds slide

Malaysia's credit rating is "more than 50 per cent likely" to be downgraded, says Fitch Ratings.

Kuala Lumpur

MALAYSIA'S long-term Islamic bond yields are falling twice as fast as those on shorter-dated debt, a boost for Prime Minister Najib Razak's ability to fund a US$444 billion development programme amid a stubborn fiscal deficit.

Borrowing costs on 15-year local currency