Other agencies not expected to follow Fitch’s rerating step

RHB Banking Group chief economist and head of market research Sailesh Kumar Jha said the domestic capital market was resilient and the downgrade by Fitch would not really impact the debt market.

PETALING JAYA: The move by Fitch Ratings to downgrade Malaysia’s sovereign rating will not be followed by other global rating agencies and this will not derail the country as a safe haven for the capital market.

RHB Banking Group chief economist and head of market research Sailesh Kumar Jha said the domestic capital market was resilient and the downgrade by Fitch would not really impact the debt market.