S&P affirms Malaysia's currency ratings, Outlook stable

We expect that Malaysia's core credit strengths, including its robust external position and highly credible monetary policy settings, will continue to support the rating following the recent aggressive decline in oil prices and unexpected change in government.

KUALA LUMPUR: S&P Global Ratings affirmed the country’s foreign and local currency ratings with a “Stable” outlook as it remains confident in the core credit strengths, including its robust external position and highly credible monetary policy settings.

The rating agency had on Friday affirmed Malaysia “A-/A-2” Foreign Currency And “A/A-1” Local currency ratings.