Fitch: Budget revision highlights structural weaknesses
- 7 years ago
Fitch ratings has maintained its negative outlook on Malaysia's long-term issuer default ratings which means it is more likely than not to downgrade the country's ratings within the next 12 to 18 months.
In a statement it said the upward revision to Malaysia's fiscal deficit amid falling crude oil prices shows the country's dependence on oil revenues which is a key sovereign credit weakness.
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In a statement it said the upward revision to Malaysia's fiscal deficit amid falling crude oil prices shows the country's dependence on oil revenues which is a key sovereign credit weakness.
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