Fitch affirms A- rating for Malaysia, 5.8 percent growth in 2021

CORONAVIRUS | Fitch affirms Malaysia’s “A-” rating and projects 5.8 percent growth in 2021 as the country battles against the Covid-19 pandemic.

In confirming this, Finance Minister Tengku Zafrul Tengku Abdul Aziz said that Fitch Ratings maintained the country’s rating for its Long-Term Foreign-Currency Issuer Default Rating (IDR) and projected growth, while having revised the outlook from stable to negative.

“Malaysia has responded to the global health crisis and synchronised worldwide economic shock in a timely, decisive and comprehensive manner...