Fitch Affirms Malaysia’s IDR Rating at ‘A-’ with a Negative Outlook

Fitch Ratings (Fitch) has affirmed Malaysia’s Long-Term Foreign-Currency Issuer Default Rating at “A-” but revised its Outlook from Stable to Negative, the Ministry of Finance announced today.

Finance Minister, Tengku Zafrul Aziz, said that this reflected the government’s responsiveness in handling the COVID-19 crisis and synchronised worldwide economic shock in a timely, decisive and comprehensive manner.

He added that the stimulus packages launched by Malaysia to date would place the country in a strong position to benefit from the expected global recovery in 2021, while emphasizing that the government would continue to focus on governance and structural ref...