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Singapore s Jadestone new upstream investor in Malaysia
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Fitch affirms Malaysia at BBB+, outlook stable | Daily Express Online - Sabah s Leading News Portal
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Monday, 19 Jul 2021 12:30 PM MYT
As the pandemic has caused a significant rise in Malaysia’s general government debt, in line with its rating peers, Fitch forecast the debt to reach 78.1 per cent of GDP in 2021, from a pre-pandemic level of 65.2 per cent in 2019. Picture by Firdaus Latif
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KUALA LUMPUR, July 19 Fitch Ratings has affirmed Malaysia’s long-term foreign currency issuer default rating (IDR) at “BBB+” with a stable outlook.
In a note released today, Fitch said Malaysia’s economy is gradually recovering from a contraction of 5.6 per cent in 2020 caused by the Covid-19 pandemic even though social distancing measures have been tightened over recent months.