Fitch: Malaysia’s rating kept at ‘A-’ with stable outlook
KUALA LUMPUR: Fitch Ratings has affirmed Malaysia’s long-term foreign- and local-currency issuer default ratings at ‘A-’ with a stable outlook.
In a statement yesterday, Fitch said that Malaysia’s ‘A-’ rating is supported by strong gross domestic product (GDP) growth compared with the median of ‘A’ category peers, sustained current account surpluses and the country’s net external creditor position.
However, Fitch noted that the rating remains constrained by some structural metrics including per capita GDP and governance indicators that are weaker than the ‘A’ median.
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