Long-term prospects remain favourable

Resilient: Moody’s says ‘Malaysia’s economy appears to be much more resistant to the commodities’ downcycle when compared with its peers.’ — AFP

KUALA LUMPUR: Malaysia’s long-term economic prospects remain favourable given its structural strengths and diversified economy despite the revision of its A3 rating outlook to “stable” from “positive”, said Moody’s Investors Service.

In a note yesterday, Moody’s said the favourable prospects were because of Malaysia’s well developed infrastructure, substantial natural resources, globally competitive services sector and a manufacturing base that would likely benefit from the country’s improving trade linkages.