Jp Morgan: Fitch's rating upgrade a positive endorsement of Malaysia's reforms

PETALING JAYA: Fitch Rating’s assertion of Malaysia’s credit rating at A- and rating outlook to “stable” is seen as a positive sign for the country, JP Morgan said in a statement.

The agency said Fitch’s revised sovereign rating outlook from negative to stable was an affirmation of fiscal reforms that have been taking place, such as the fuel subsidy reforms and successful introduction of the goods and services tax in April.