KUALA LUMPUR: Fitch Ratings said Malaysia's public finances remain stable despite a decline in revenue from the oil and gas sector. Malaysia is the largest net exporter of petroleum and natural gas products in Southeast Asia, and its finances have not been immune to the effects of the collapse in prices. “The fall in commodity revenue has not triggered a rating downgrade,” says analyst Sagarika Chandra, in a statement. The sovereign has kept its 'A-' rating, which has been on stable outlook since mid-2015. On the fiscal deficit target for 2017 set at three per cent of GDP, Fitch Ratings said the target is achievable although it expects it to come in at 3.2 per cent of GDP.

Source: New Strait Times October 25, 2016 10:41 UTC