| 1MDB (1Malaysia Development Bhd) has dismissed reports that its debt poses significant risk to the sovereign rating and stability of Malaysia. In a rare response to media reports, 1MDB said in a statement posted on its website yesterday that as a limited liability company, 1MDB poses limited liability risks to the government as its shareholder.
The government guarantees RM5.8 billion of the group’s total loans, on which 1MDB has significant interest cover. 1MDB has never missed any payment schedule. “All of 1MDB’s debts are backed by the group’s operational assets, with healthy cash flows and strong growth potential beyond their finite life,” the statement said...............................................Full Article: Source
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