Moody's affirms Malaysia's A3 ratings, maintains stable outlook

KUALA LUMPUR (Dec 7): Moody's Investors Service has affirmed the Malaysian Government's local and foreign currency issuer and senior unsecured debt ratings at A3, and opined that the country’s outlook remains stable.

In a statement today, Moody’s said the affirmation recognised that Malaysia's fiscal strength has weakened.

“Government debt will stay high for longer and the Government's fiscal policy choices will narrow the revenue base and reduce fiscal flexibility further.