Posted on 04 Jun 2015
He said the agency, which currently rates Malaysia A-, had implied a 50% likelihood of a downgrade in the country's credit ratings.
"We hope with initiatives on fiscal consolidation and growth emphasis as well as the launch of our Eleventh Malaysia Plan that allocated a total of RM260 billion for development expenditure, it will give positive indicators to the rating agency," he said.
He said Malaysia's economic growth was still good last year, and in the first quarter of this year posted 5.6% growth while external trade was also growing.
