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Fitch affirms Malaysia at BBB+ with stable outlook

KUALA LUMPUR, June 28 (Xinhua) — Fitch Ratings has affirmed Malaysia’s long-term foreign-currency issuer default rating (IDR) at ‘BBB+’ with a stable outlook.

The rating agency said in a statement on Thursday that Malaysia’s ratings balance a diversified economy with strong medium-term growth prospects against high public debt, a low revenue base relative to current expenditure, and political considerations tha