Further cut in M'sia fiscal deficit will be a challenge: Moody's

Kuala Lumpur

MALAYSIA'S fiscal consolidation is likely to be "very slow" and remains a credit challenge along with high debt levels, ratings agency Moody's said on Tuesday.

Prime Minister Najib Razak has been able to lower the fiscal deficit every year since taking power in 2009 and that has been significant for maintaining Malaysia's investment-grade sovereign credit ratings.