Tengku Zafrul: Ringgit, stock market unaffected by country's Fitch Ratings downgrade

Published on 15 Dec 2020 12:05:23 PM

Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz told the Dewan Rakyat on Tuesday (Dec 15) that Fitch Ratings’ downgrade for Malaysia's credit rating from A- to BBB+ did not cause a "knee-jerk" reaction from the stock market.

He also informed the House that the government remained committed to strengthening the economy while improving good governance.

Tengku Zafrul said this in response to Bagan MP Lim Guan Eng who wanted to know the measures taken by the government to address Fitch’s downgrade.

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