Zafrul: No 'knee-jerk' market reaction to Fitch downgrade

PARLIAMENT | There has been no knee-jerk reaction from the market following the downgrade of Malaysia's sovereign credit ratings by Fitch Ratings, according to Finance Minister Tengku Zafrul Abdul Aziz.

Instead, Zafrul told Lim Guan Eng (Harapan-Bagan) the market and ringgit remained stable since the rating agency downgraded the country's long-term foreign-currency issuer default rating from A- to BBB+ earlier this month...