Tengku Zafrul: Fitch’s rating cut disappointing

In a statement, Finance Minister Tengku Datuk Seri Zafrul Aziz said the revision was primarily driven by the negative impact of the Covid-19 pandemic on Malaysia’s fiscal position and the ongoing political situation in the country.

KUALA LUMPUR: The government is disappointed that Fitch has downgraded Malaysia’s sovereign rating from A- to BBB+, with an improved outlook from negative to stable.

In a statement, Finance Minister Tengku Datuk Seri Zafrul Aziz said the revision was primarily driven by the negative impact of the Covid-19 pandemic on Malaysia’s fiscal position and the ongoing political situation in the country.