MARC: Malaysia’s Sovereign Rating Affirmed at AAA, Outlook Stable

Malaysian Rating Corporation (MARC) has affirmed its public information foreign currency sovereign rating on Malaysia at AAA/stable. The AAA rating reflects several credit strengths of the country, including competitiveness and a diversified economy.

With regards to competitiveness, MARC notes that this is evidenced by Malaysia’s consistent current account surplus, a healthy external position, a proactive and practical economic and monetary stance, all of which have helped Malaysia remain stable throughout the on-going COVID-19 pandemic and oil price collapse.

MARC notes that Malaysia is exposed to some level of economic and financial risk given the uncertainty surrounding the...