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Moody’s: Gov’t handling of 1MDB is below par

Although Malaysia is keeping its current credit rating, an analyst with the rating agency Moody’s Investors Service said the government’s handling of the 1MDB issue is below par.

“The government’s handling of 1MDB isn’t as transparent as we would have hoped or expected, for a sovereign for its current assessment of its institutional strength,” said the agency’s senior analyst Christian de Guzman.

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