Moody's sees floods pose limited drag on Malaysia's economy

KUALA LUMPUR, Dec. 5 (Xinhua) -- Malaysia's worst flooding this year is unlikely to deliver a major blow to economic growth as key manufacturing hubs were largely untouched by Cyclone Senyar's heavy rains, Moody's said Friday.

"As much of Malaysia's manufacturing sector, which is largely concentrated in Selangor, Penang and Johor, was spared from disruption, we do not expect a material hit to economic growth, although agricultural output will likely weaken in the most affected states," the rating agency said in a report.