Last week, Fitch Ratings downgraded Malaysia’s sovereign rating from A- to BBB+ with a stable outlook. This has a real fiscal impact on the country because a downgrade typically denotes a higher risk of default, which in turn means it will be more costly for Malaysia to borrow funds. So what does the Ministry of Finance think about this downgrade? We speak to Puan Zakiah Jaafar, Deputy Secretary-General of Policy at the Ministry of Finance, to find out.

Image Credit: Willy Barton / Shutterstock.com

Produced by: Roshan Kanesan

Presented by: Wong Shou Ning

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Tags:  fitch ratings,  ministry of finance,  malaysia downgraded,  budget 2021,  Financial Services,  Government/Regulatory/Policy Making,  Professional Services,  Economy, Markets,  Politics, News, Current Affairs