Finance Minister’s response to Fitch Anwar’s downgrade alarms

The response from FINANCE Minister Tengku Zafrul Tengku Abdul Aziz that Fitch Rating downgraded Malaysia’s long-term foreign currency issuer default rating (IDR) is alarming and disturbing, opposition leader Anwar Ibrahim said.

“Yesterday, Fitch Ratings lowered Malaysia’s long-term foreign currency IDR for the country since the Asian financial crisis 20 years ago,” Anwar said in a statement today.