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Sovereign Wealth Funds Briefing - Categorized | Market

1MDB denies being a risk to KL’s credit rating

Posted on 05 June 2014

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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