Malaysia’s strong credit ratings due to reforms, says LGE

KUALA LUMPUR: The ongoing institutional reforms, greater accountability, fiscal transparency and political stability have led to Malaysia’s strong credit ratings, says Finance Minister Lim Guan Eng.In a statement yesterday, Lim said the Finance Ministry welcomed Fitch Ratings’ confirmation of Malaysia’s sovereign credit ratings at A- with a stable outlook.

“Fitch expects Malaysia’s institutional quality to improve further over time due to the wider implementation of open tenders, fiscal transparency, anti-corruption and institutional reform measures to promote accountability and fiscal responsibility,” he said.