Moody's affirms Malaysia's A3 rating, maintains stable outlook

KUALA LUMPUR: Moody’s Investors Service today affirmed the Malaysian government’s local and foreign currency long-term issuer and local currency senior unsecured debt ratings at A3 with a stable outlook.

In a statement today, the rating agency said the rating affirmation reflects Moody’s expectations that Malaysia’s economic diversification and competitiveness and the government’s access to robust sources of domestic financing will persist as credit strengths, helping to mitigate fiscal risks that have risen following the Covid-19 pandemic, including an increased debt burden and weakened debt affordability.