S&P affirms ‘A-’ sovereign credit rating

S&P said Malaysia is set to benefit from a strong recovery in the global semiconductor sector.

PETALING JAYA: S&P Global Ratings has reaffirmed its sovereign credit rating on Malaysia with a “stable” outlook, as it foresees the country’s steady growth momentum and strong external position, along with narrowing deficits, to hold over the next two years.

In a report yesterday, the international ratings firm maintained Malaysia’s A- long-term and A-2 short-term foreign currency sovereign credit ratings.