THE decision of Fitch Ratings to upgrade Malaysia is a piece of good news which has been well received in the market, with much relief among the public weary of the excessive politicking.
The upgrade in our sovereign rating is a recognition of the strong fundamentals in our economy and an endorsement of the Government’s management of the country’s fiscal and financial policies, giving confidence to investors that, despite 1MDB, Malaysia has the capacity to contain the fiscal deficit and achieve sustainable growth, as projected in the revised budget and the 11th Malaysia Plan.
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