Fitch affirms Malaysia’s sovereign rating at BBB+, outlook stable
KUALA LUMPUR: Fitch Ratings has affirmed Malaysia’s long-term foreign currency issuer default rating (IDR) at “BBB+” with a stable outlook. In a note released today, Fitch said Malaysia’s economy is gradually recovering from a contraction of 5.6 percent in 2020 caused by the Covid-19 pandemic even though social distancing measures have been tightened over recent […]
Moody’s revises outlook for global airline industry to positive
KUALA LUMPUR: Moody’s Investors Service has changed the global airline industry outlook to positive from negative, reflecting its expectations of widespread increases in air travel starting in the second half of 2021 and accelerating through 2022. In a statement today, the ratings agency said it expects this positive demand trend to run for many quarters […]
