Tag: malaysia rating downgrade
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Thinking property? Rating of BBB probably says Fitch Ratings.
Reported in Bloomberg, Fitch Ratings reiterated its earlier stand; that Malaysia’s credit rating should drop and the likelihood is higher than 50 percent. Its head of Asia Pacific Andrew Colquhoun was quoted as saying that Malaysia is more suited to be in the BBB range. Major reason remain the same, 1MDB’s ability to meet debt…