There will not be any systemic threat to Malaysia’s banking system even if 1MDB defaults on its loan as local banks’ exposure to the state wealth fund is collateralised, Moody’s Investors Service said.
1MDB no threat to banking system, says Moody's
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There will not be any systemic threat to Malaysia’s banking system even if 1Malaysia Development Bhd (1MDB) defaults on its loan as local banks’ exposure to the state wealth fund is collateralised, Moody’s Investors Service said.
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