Fitch affirms Malaysia's sovereign rating at BBB+, outlook stable

Fitch said Malaysia's economy is gradually recovering from a contraction of 5.6 per cent in 2020 caused by the COVID-19 pandemic even though social distancing measures have been tightened over recent months.

KUALA LUMPUR: Fitch Ratings has affirmed Malaysia's long-term foreign currency issuer default rating (IDR) at "BBB+” with a stable outlook.

In a note released today, Fitch said Malaysia's economy is gradually recovering from a contraction of 5.6 per cent in 2020 caused by the COVID-19 pandemic even though social distancing measures have been tightened over recent months.