How much debt did 1MDB report as of March 2014?

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1MDB Reported RM41.9 Billion in Debt as of March 2014

1Malaysia Development Berhad (1MDB) disclosed its debt level stood at RM41.9 billion as of March 2014. This figure was communicated to Fitch Ratings by the company’s chief executive, Arul Kanda Kandasamy, in advance of the agency's revision of Malaysia's credit outlook. 1MDB provided details on its challenges and the measures being implemented to reduce its debt burden.
Communication with Fitch Ratings

1MDB engaged in discussions with Fitch Ratings prior to the credit rating agency's decision on Malaysia's outlook. During these conversations, the company openly addressed its current financial situation and outlined the strategies in place for debt reduction. Arul Kanda Kandasamy stated that 1MDB was transparent about the challenges faced and presented its rationalisation plan, which included efforts to decrease the company's overall debt.
Steps Taken for Debt Reduction

As part of its commitment to managing its debt, 1MDB highlighted specific actions already undertaken. A significant step mentioned was the repayment of a RM3.6 billion loan in June. These efforts were communicated to Fitch as part of 1MDB's ongoing plan to address its financial obligations and improve its standing.
Malaysia's Credit Outlook Revision

Fitch Ratings ultimately maintained Malaysia's credit ranking at the fourth-lowest investment grade, revising the outlook on the country's A- grade from negative to stable. This decision was influenced by the introduction of the Goods and Services Tax (GST) and reforms to the fuel subsidy system, which contributed to an improvement in the country's finances. Fitch noted that Malaysia's rating is supported by robust real GDP growth rates and low inflation volatility.

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How much debt did 1MDB report as of March 2014?

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