THE decision by global rating agency Standard and Poor’s (S&P) to upgrade Malaysia’s long-term foreign currency rating (together with that of Thailand and Indonesia) must be particularly gratifying for Prime Minister Datuk Seri Dr Mahathir Mohamad.
He leaves office at the end of the month after 22 years, and the S&P upgrade is an acknowledgment of his shrewd stewardship of the national economy, particularly in overcoming the Asian financial crisis of 1997-98 and steering the economy back on the growth path.
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