Fitch downgrades M'sia from 'positive' to 'stable'

Modified 10 Nov 2008, 12:33 pm

International ratings agency Fitch today downgraded its outlook for Malaysia from "positive" to "stable", saying the economy would be hit by lower oil and commodity prices.

In a global review conducted in response to the international financial crisis, Fitch also knocked its sovereign rating for South Korea down to negative from stable.

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