Malaysia tries to convince Fitch that economy is resilient

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 the cabinet over the handling of the debt-laden 1MDB.

With only a few weeks to the end of June when Fitch is expected to decide if it will downgra…