S & P DOWNGRADES M'SIA oulook to NEGATIVE......

[DR KIM]

S&P Global downgrades Malaysia outlook to negative on additional fiscal downside risk.....

KUALA LUMPUR (June 26): S&P Global Ratings has revised its outlook on Malaysia to negative to reflect the additional downside risk to the government’s fiscal metrics, given the weak global economic climate and heightened policy uncertainty.

In a statement, the ratings agency said the economic impact of Covid-19, combined with depressed oil prices and fiscal stimulus, will weaken the government’s debt position over the next few years.

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