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Fitch downgrades Malaysia’s credit rating to BBB+

Rating agency Fitch Ratings has downgraded Malaysia’s long-term foreign-currency issuer default rating (IDR) from A- to BBB+, potentially making it more expensive for the country to borrow.

Fitch said although Malaysia has moved quickly to provide relief for Covid-19’s economic impact, the impact remains substantial and adds to Malaysia’s already high fiscal burden...

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