Fitch revises Malaysia's outlook to stable

A file photograph showing a view of the offices of Fitch Ratings in New York on 29 April 2010. - EPA

KUALA LUMPUR: Fitch maintained Malaysia's long-term foreign currency issuer default rating (IDR) at A- and local currency at A, with the outlook revised to stable from negative previously.

Fitch said in a statement that Malaysia's fiscal finances have improved and views progress on the Goods and Services Tax (GST) and fuel subsidy reform as supportive of the fiscal finances.