Ringgit hits fresh six-year low

PETALING JAYA: The ringgit weakened for a third day in a row, falling to a fresh six-year low against the US dollar amid fresh worries about possible rating downgrades of the country’s debts after the Government revised its fiscal deficit forecast higher.

Fitch Ratings warned that it is “more likely than not” to downgrade Malaysia’s sovereign rating at its upcoming review in the first half of the year.