Reaffirmation of Malaysia’s ratings a testament to govt’s responsible economic management

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KUALA LUMPUR: The reaffirmation of Malaysia’s sovereign credit ratings and positive economic outlook by S&P Global Ratings (S&P) and Fitch Ratings (Fi...

: The reaffirmation of Malaysia’s sovereign credit ratings and positive economic outlook by S&P Global Ratings and Fitch Ratings is a “testament to the government’s responsible economic management and how the MADANI Economy reform agenda is delivering positive results,” said Prime Minister Datuk Seri Anwar Ibrahim.

Recently, Malaysia’s sovereign credit ratings were reaffirmed by S&P at A- and Fitch at BBB+, with both maintaining their “stable” outlook. The ministry noted that “Fitch expects Malaysia’s GDP growth to rebound to 4.4 per cent in 2024 and 4.5 per cent in 2025, up from 3.6 per cent in 2023, on resilient domestic demand and investments in the manufacturing sector.”

Source: Loan Digest (loandigest.net)

 

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