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.

Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Nzir Razak , Junk status , Moody's , Malaysia

Next In Nation

Motorcyclist killed after crashing into stalled trailer on expressway
Dad admits to sexually assaulting teenage daughter
Three more suspects arrested in Buntong murder probe
Diesel smuggling attempt foiled in Kudat
Man pleads guilty to wounding his two teen children with knife
Cops bust crypto scam call centre in Bagan Datuk, 22 foreigners held
OSK Foundation commemorates a decade of community support with nationwide Hari Raya outreach
Body found at Tawau jetty entangled in fishing vessel's anchor line
Anwar: Brace for cost surge as Middle East conflict hits Malaysia’s supply chain
Anwar: Strong foreign ties protect Malaysia’s shipping in volatile Hormuz Strait

Others Also Read