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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
Published Thu, Mar 19, 2015 · 09:50 PM
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 its property assets, following the signing of a deal with Lend Lease on Thursday to develop 6.88 ha in a new financial district in Kuala Lumpur called Tun Razak Exchange (TRX).
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