KUALA LUMPUR: Moody's Investors Service has affirmed the Government of Malaysia's local and foreign currency long-term issuer and local currency senior unsecured debt ratings at A3. The outlook remains stable.
In a statement issued on Thursday, Moody’s said the rating affirmation was underpinned by Moody's expectation Malaysia's medium-term growth prospects will remain strong and its macroeconomic policymaking institutions will continue to be credible and effective, which provides resilience to the sovereign credit profile.
“These strengths are, under Moody's baseline assumptions, balanced against the government's relatively high and increased debt burden, which will leave the government with weakened fiscal strength for some time in the aftermath of the pandemic shock to public finances.
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