08.06.2016 - 1MDB Defends Liquidity Position After Moody’s Rating Withdrawal
Malaysia’s troubled state investment company 1Malaysia Development Bhd. defended its liquidity position after Moody’s Investors Service withdrew the rating for one of its bonds. Moody’s said Tuesday it withdrew the rating on 1MDB Energy Ltd.’s 5.99 percent $1.75 billion debt "for its own business reasons," according to a statement, pointing to its website for its policy on such moves. "1MDB reiterates that its liquidity position is strong and the company remains focused on execution of its successful rationalization plan," the company said in a statement Wednesday...............................................Full Article: Source
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