PM: Fitch Ratings' affirmation a recognition of Malaysia's economic progress

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KUALA LUMPUR: Fitch Ratings' latest affirmation on Malaysia's sovereign credit rating underscores its economic progress as envisioned under the MADANI Economy framework, said Prime Minister Datuk Seri Anwar Ibrahim.

Yesterday, the rating agency affirmed Malaysia's long-term foreign-currency Issuer Default Rating (IDR) at 'BBB+' with a stable outlook.

This is in line with the International Monetary Fund’s views on the government’s timely reform agenda in enhancing productivity and inclusive growth, he said.

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Category: EconomyBusiness

Markets: MalaysiaSingapore

Topics: IMF Economy Anwar Ibrahim MoF GDP /Business/Business News Fitch Ratings Madani Economy

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-17 @ 10:45:00 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 395 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 24484029

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Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 52 posts per day

Year Established: 1971

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News Last Updated: 24 minutes ago

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