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Moody's affirms Malaysia's A3 ratings; concerned about govt debt


Moody's points out the government debt will stay high for longer and the  government's fiscal policy choices will narrow the revenue base and reduce fiscal flexibility further.

Moody's points out the government debt will stay high for longer and the government's fiscal policy choices will narrow the revenue base and reduce fiscal flexibility further.

KUALA LUMPUR: Moody's Investors Service has affirmed the government of Malaysia's local and foreign currency issuer and senior unsecured debt ratings at A3. The outlook remains stable.

The rating agency said the affirmation of Malaysia's A3 rating recognises that Malaysia's fiscal strength has weakened. 

“Government debt will stay high for longer and the  government's fiscal policy choices will narrow the revenue base and reduce fiscal flexibility further,” it said in a statement on Friday. 

Corporate News , Economy

   

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