1MDB claims it has hand in Fitch's upgrade of KL's outlook
Arul Kanda says the company met the rating agency and gave assurance on plans to trim debts
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Kuala Lumpur
MALAYSIA's debt-laden 1MDB had played a part in securing Fitch Ratings' affirmation of the sovereign's long-term foreign currency A-rating with a stable outlook, a top official of the government-owned strategic development firm implied on Thursday.
Its president and group executive director Arul Kanda said in a statement that 1MDB had had talks with Fitch in advance of the upgrade; the company's current situation was discussed, and assurance was given on the reparative measures being taken.
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