Moody's affirming Malaysia's rating shows govt fiscal discipline, growth: Zafrul

Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz said the government remains committed towards medium-term consolidation, as well as ensuring fiscal sustainability in the country.

KUALA LUMPUR: Moody’s affirmation of Malaysia’s local and foreign currency long-term issuer ratings at A3, with a stable outlook is testament to the government’s strong fiscal discipline and robust medium-term growth prospects, on the back of earnest COVID-19 containment measures.

"It also demonstrates Moody’s confidence in Malaysia amidst an unprecedented credit rating adjustments globally, with Credit Rating Agencies (CRAs) taking more than 220 negative rating actions since the onset of the pandemic,” Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz said.