Fitch Ratings affirms Malaysia at ‘A-’

Fitch Ratings has affirmed Malaysia's Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at "A-" and "A" respectively with a stable outlook. The issue ratings on Malaysia's senior unsecured local-currency bonds are also affirmed at "A" while the country ceiling is affirmed at "A" and the short-term foreign-currency IDR at "F2". The ratings were driven, among others, by the authorities commitment to fiscal consolidation path, stable ringgit, reserves and stronger economic growth, the ratings agency said in a statement today. – Bernama, February 23, 2016.]]>