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



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


Updated 11 hours agoPublished December 5, 2020 3:23 PM



Opposition leader Anwar Ibrahim says the government is trapped in an analog world, while countries like Indonesia, Singapore, and Vietnam are embracing and creating a more digitized community. – Malaysia Insight file photo, December 5, 2020.

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.


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