S&P Reaffirms Malaysia’s ‘A-’ Rating Along With 7.5% Growth Prediction For 2021

June 29, 2020

S&P Global Ratings (S&P) forecasts Malaysia’s gross domestic product (GDP) at 7.5% in 2021 and has reaffirmed Malaysia’s A- rating, with a downward revision of the Outlook from Stable to Negative. 

Commenting on S&P’s rating, Malaysia’s Minister of Finance, Tengku Datuk Seri Zafrul Abdul Aziz stated that the Outlook revision was driven by the economic and fiscal impact of the COVID-19 pandemic. Zafrul added that the Government of Malaysia has taken timely and appropriate measures to address these impacts by providing substantial stimulus measures and economic recovery plans, reflected by S&P’s prediction of a strong recovery in GDP growth in 2021.