05.06.2014 - 1MDB denies being a risk to KL's credit rating
1Malaysia Development Bhd (1MDB) says its debt does not pose any significant risk to Malaysia's sovereign rating and stability. As a limited liability company, it poses limited risk to the government as a shareholder, 1MDB added. "The government guarantees RM5.8 billion (S$2.25 billion) of the group's total loan, of which 1MDB has significant interest cover," the sovereign wealth fund said on Tuesday, adding that it has never missed any scheduled payment...............................................Full Article: Source
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