Fitch affirms Malaysia’s sovereign rating at BBB+, outlook stable
KUALA LUMPUR: Fitch Ratings has affirmed Malaysia’s long-term foreign currency issuer default rating (IDR) at “BBB+” with a stable outlook. In a note released today, Fitch said Malaysia’s economy is gradually recovering from a contraction of 5.6 percent in 2020 caused by the Covid-19 pandemic even though social distancing measures have been tightened over recent […]
Govt’s debt, liability exposures at RM1.257 trillion as at end-September
KUALA LUMPUR: The government’s total debt and liability exposures are estimated to be RM1.257 trillion, or 87.3 per cent of the Gross Domestic Product (GDP), as at the end of September 2020, said Deputy Finance Minister II Mohd Shahar Abdullah. Federal debt as at end-September amounted to RM874.3 billion or 60.7 per cent of GDP, […]
