S&P reaffirms ratings on Malaysia, with stable outlook

SINGAPORE - Standard & Poor's has affirmed its 'A-' long-term and 'A-2' short-term foreign currency sovereign credit rating on Malaysia, together with its 'A' long-term and 'A-1' short-term local currency sovereign credit ratings. The outlook on the long-term rating remains stable. S&P also affirmed its ASEAN regional scale rating on Malaysia at 'axAAA/axA-1+'. S&P said the sovereign credit rating reflects Malaysia’s strong external balance sheet, open and competitive middle-income economy, and considerable monetary flexibility.