Moody"s: “We do not expect the coronavirus pandemic to have a sustained negative impact on Malaysia’s economic model. As such, the current and any subsequent waves of infections will delay, but not materially hinder, the economy’s eventual return to high growth rates. “The authorities’ track record of effective macroeconomic policies, including prudent fiscal policies, has also continued to lengthen, despite ongoing noise in the political landscape."
KUALA LUMPUR: Moody’s Investors Service has maintained Malaysia’s A3 stable credit profile, which is underpinned by its diversified, competitive and moderately large economy, ample natural resources and strong medium-term growth prospects.
The large pool of domestic savings also supports the high government debt burden and lowers liquidity risk, the credit rating agency said in a report.
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