Finance Ministry officials are reported to have met representatives from Fitch Ratings late yesterday to convince the rating agency that Malaysia’s economy “is still sustainable and should be viewed positively”.
The ministry’s secretary-general Tan Sri Irwan Serigar Abdullah said the officials would be meeting with Fitch later on Tuesday, according to a Bernama report.
Fitch on Jan 20 had indicated that it was “more likely than not to downgrade the rating of the sovereign” in the coming months, following the Government’s revision of this year’s fiscal deficit target to 3.2% from 3% of gross domestic product (GDP) as well as the reduction of the GDP growth forecast to between 4.5% and 5.5% from 5% to 6%.
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The ministry’s secretary-general Tan Sri Irwan Serigar Abdullah said the officials would be meeting with Fitch later on Tuesday, according to a Bernama report.
Fitch on Jan 20 had indicated that it was “more likely than not to downgrade the rating of the sovereign” in the coming months, following the Government’s revision of this year’s fiscal deficit target to 3.2% from 3% of gross domestic product (GDP) as well as the reduction of the GDP growth forecast to between 4.5% and 5.5% from 5% to 6%.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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