MARC Ratings affirms Sabah’s sub-sovereign credit rating at AAA
KOTA KINABALU (Sept 10): MARC Ratings has affirmed Sabah’s sub-sovereign credit rating at AAA with a stable outlook based on the rating agency’s sub-sovereign rating scale. It said the AAA rating reflects Sabah’s substantial fiscal buffers, high revenue base from its abundant natural resources, and strong institutional framework. Sabah’s fiscal surpluses have led to consolidated [...]
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