S&P affirms Malaysia's sovereign credit ratings

Finance Minister Tengku Zafrul says Malaysia’s economy is expected to gradually recover as the National COVID-19 Immunisation Programme gains pace and the NRP thresholds are met for a broader reopening of economic and social activities.

KUALA LUMPUR (Bernama) -- S&P Global Ratings’ (S&P) affirmation of Malaysia’s sovereign credit ratings is a testament to the country’s strong external position, monetary policy flexibility, recognised track record of supporting sustainable economic growth as well as economic resilience during times of uncertainty, said the Ministry of Finance.

S&P has affirmed Malaysia’s foreign currency and local currency long-term issuer ratings at A- and A, respectively, with a negative outlook.