May
26
Moody’s Sees Soft Landing for Malaysia With 1MDB Pain Contained
By
Najib Razak, Malaysia’s prime minister. Photographer: Charles Pertwee/Bloomberg
Moody’s Investors Service said financial woes at state investment company 1Malaysia Development Bhd. aren’t a sign of broad-based distress, with government-linked corporates and other debt issuers seen withstanding the country’s economic slowdown.
The Malaysian economy is expected to have a “soft landing” with growth easing to 4.8 percent in 2015 from 6 percent last year, Moody’s said in a report Wednesday. Risks include low commodity prices, currency weakness and contingent liabilities, according to Rahul Ghosh, a vice president with the ratings company…
Moody’s Sees Soft Landing for Malaysia With 1MDB Pain Contained
