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 […]
Economists offer mixed views on Fitch’s revision of Malaysia’s rating
KUALA LUMPUR: Economists have given mixed views on Fitch Ratings’ latest revision of Malaysia’s sovereign rating, with some saying it is on expected lines while others expressing their disappointment. As the global economy and markets enter a vortex of weak data, poor earnings and rising bankruptcies, the assessment puts further stress on an economy that […]
