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Moody's pulls rating on US$1.75b 1MDB notes
MALAYSIA'S troubled 1MDB has downplayed international ratings agency Moody's withdrawal of the Aa2 rating on its US$1.75 billion unsecured notes as "undertaken without a downgrade", noting that Standard and Poor's AA rating on the papers remains unchanged.
PHOTO: REUTERS
Kuala Lumpur
MALAYSIA'S troubled 1MDB has downplayed international ratings agency Moody's withdrawal of the Aa2 rating on its US$1.75 billion unsecured notes as "undertaken without a downgrade", noting that Standard and Poor's AA rating on the papers remains unchanged.
Even so,...
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