Moody’s maintains Malaysia’s rating

Finance Minister Tengku Zafrul said yesterday the rating agency acknowledged Malaysia’s economic prospects due to the earnest containment measures, including four comprehensive economic stimulus packages valued at RM305bil, or about 20% of gross domestic product (GDP).

PETALING JAYA: Moody’s Investors Service’s move to affirm Malaysia’s A3 rating is testimony to the government’s strong fiscal discipline and robust medium-term growth prospects amid the Covid-19 pandemic, Tengku Datuk Seri Zafrul Tengku Abdul Aziz says.

The Finance Minister said yesterday the rating agency acknowledged Malaysia’s economic prospects due to the earnest containment measures, including four comprehensive economic stimulus packages valued at RM305bil, or about 20% of gross domestic product (GDP).