Fitch Ratings has affirmed Malaysia's long-term foreign-currency issuer default rating (IDR) at "A-" with a stable outlook (Photo: www.thestar.com.my) Hanoi (VNA) - Fitch Ratings has affirmed Malaysia's long-termforeign-currency issuer default rating (IDR) at "A-" with a stableoutlook.
The rating agency said that the outlook is supported by solid economicgrowth and a net external creditor position built up from a record ofcurrent-account surpluses.
Fitch has also raised its estimate of Malaysian central government debtat end-2017 to around 65 percent of gross domestic product (GDP), from 50.8percent, following the government's recognition that it will need to service alarge share of explicitly guaranteed debt.
It expects Malaysia's GDP growth to slow to 5.2 percent in 2018, 4.8percent in 2019 and 4.6 percent in 2020, from 5.9 percent in 2017, as thegovernment seeks to constrain recurrent spending in line with its narrowerrevenue base.
The agency also projects Malaysia's current account surplus to remain atbetween 3-4 percent of GDP between 2018-2020, supported by higher oil-relatedexports and slightly slower import growth.-VNA
The rating agency said that the outlook is supported by solid economicgrowth and a net external creditor position built up from a record ofcurrent-account surpluses.
Fitch has also raised its estimate of Malaysian central government debtat end-2017 to around 65 percent of gross domestic product (GDP), from 50.8percent, following the government's recognition that it will need to service alarge share of explicitly guaranteed debt.
It expects Malaysia's GDP growth to slow to 5.2 percent in 2018, 4.8percent in 2019 and 4.6 percent in 2020, from 5.9 percent in 2017, as thegovernment seeks to constrain recurrent spending in line with its narrowerrevenue base.
The agency also projects Malaysia's current account surplus to remain atbetween 3-4 percent of GDP between 2018-2020, supported by higher oil-relatedexports and slightly slower import growth.-VNA
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