Press Releases - Category: Country
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Wednesday, Sep 02, 2020
MARC has assigned a sub-sovereign credit rating of AAA with a stable outlook to the state of Sabah. The rating reflects Sabah’s resource riches, relatively strong fiscal position and liquidity buffer. Contributing about 18% towards Malaysia’s overall primary sector output, Sabah has consistently generated fiscal surpluses even during major global crises. According to the latest available data,...

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