Uncertainty in politics, policymaking sours Malaysia's credit rating

Prime Minister Muhyiddin's nine-month reign has been widely viewed as a period which has seen political imperatives take precedence in decision-making. - AFP

KUALA LUMPUR (The Straits Times/ANN): Malaysia's downgrade by one of the world's top credit rating agencies has cast a light on standards of governance and political instability in the country where a third prime minister in as many years is facing a potential ouster.

Fitch's move to bring Malaysia's sovereign rating down a step from A- to BBB+ was a reversal of sorts for what was once a beacon of political stability in emerging Asia until its first-ever change of government in 2018.