PETALING JAYA: Three years after downgrading Malaysia’s sovereign credit rating, Fitch Ratings keeps its BBB+ ratings unchanged as it cautioned about a “small” gain from Budget 2024’s revenue-raising measures, high debt and the risk of “political considerations”.
Fitch, one of the Big Three independent agencies that assess creditworthiness, also highlighted the country’s rigid operating expenditure, with 60% channelled to payrolls, pensions and debt-servicing charges.
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