Zafrul: No knee-jerk market reaction to Fitch downgrade
Published
Modified15 Dec 2020, 3:24 am
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PARLIAMENT | There has been no knee-jerk reaction from the market following the downgrade of Malaysia s sovereign credit ratings by Fitch Ratings, according to Finance Minister Tengku Zafrul Abdul Aziz.
Instead, Zafrul told Lim Guan Eng (Harapan-Bagan) the market and ringgit remained stable since the rating agency downgraded the country s long-term foreign-currency issuer default rating from A- to BBB+ earlier this month.
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