(The following statement was released by the rating agency)
SINGAPORE, September 14 (Fitch) The Malaysian government's
decision to grant
lending licences to property developers could add to the risks
associated with
rising household debt, says Fitch Ratings. The scheme is likely
to encourage
unregulated lending to households with weak financial profiles,
and could
undermine the strength of the financial system if not
implemented prudently.
Tan Sri Noh Omar, Minister for Urban Wellbeing, Hou
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