KUALA LUMPUR: There is a worry that Malaysia’s fiscal consolidation may be derailed should the Government be forced to assist 1Malaysia Development Bhd (1MDB) financially.
While Moody’s Investors Service analysts do not consider the government-linked strategic development company’s RM42bil debt as a sign of distress amongst government-related companies, government finances would eventually deteriorate should commitments to 1MDB be covered.
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