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Malaysia tries to convince Fitch that economy is resilient

But 1MDB issue inspires little confidence ahead of a sovereign rating decision
Friday, June 5, 2015 - 05:50

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Malaysia sought to stave off a possible downgrade of its sovereign ratings by Fitch Ratings this month by assuring the international ratings agency its growth and fiscal consolidation plans remain on track, even as rumours circulated that key ministers were stepping down from the cabinet over the handling of the debt-laden 1MDB.

Kuala Lumpur

MALAYSIA sought to stave off a possible downgrade of its sovereign ratings by Fitch Ratings this month by assuring the international ratings agency its growth and fiscal consolidation plans remain on track, even as rumours circulated that key ministers were stepping down from

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