Nazir Razak: Moody's 'junk' rating due to negative coverage of Malaysia

PETALING JAYA: Financial controversies in Malaysia need to be addressed, urges prominent banker and CIMB Group chairman Datuk Seri Nazir Razak.

"This is worrying. The market is much more negative about Malaysia than the rating agencies, taking us into 'junk' category, way below our fundamentals," said the brother of Prime Minister Datuk Seri Najib Tun Razak in a post on his Instagram on Thursday.