Fitch Ratings has maintained Malaysia’s sovereign credit ratings at BBB with a ‘stable’ outlook, underpinned by a diversified economy and export base. ― Bernama picKUALA LUMPUR, June 27 — Fitch Ratings has maintained Malaysia’s sovereign credit ratings at BBB+ with a ‘stable’ outlook, underpinned by a diversified economy and export base.
“Continued investments in the manufacturing sector and the recovery in external demand are expected to bolster manufacturing output and exports in 2024,” she said in Fitch’s Asia-Pacific Sovereign Credit Highlights webinar, today.Chen said Malaysia had a good record of approved foreign investments in the manufacturing sector in recent years, and she expects more investments to be realised in the near term.
Chen noted although political stability has improved recently, political considerations may still have a role to play in long-term structural reforms or fiscal adjustments.