Credit : Bernama Images
KUALA LUMPUR: Moody’s Ratings has reaffirmed Malaysia’s sovereign credit rating at “A3” with a stable outlook, recognizing the country’s strong economic fundamentals and commitment to fiscal reforms, according to a statement from the Finance Ministry (MoF).
Prime Minister and Finance Minister Datuk Seri Anwar Ibrahim highlighted the rating as a testament to the Madani Government’s efforts to drive structural change, implement high governance standards, and foster economic diversification.
Moody’s lauded Malaysia’s well-diversified economy, broad price stability, and sophisticated financial systems, projecting it to be the fastest-growing A-rated economy over the next two years. Key reforms, including the Public Finance and Fiscal Responsibility Act 2023, further bolster fiscal discipline.
The government is targeting 2025 GDP growth of 4.5-5.5% while aiming to reduce the fiscal deficit from 4.3% in 2024 to 3.8% in 2025. Malaysia’s Asean 2025 chairmanship will also play a pivotal role in advancing regional economic integration.
The Madani administration remains steadfast in its reform agenda, prioritizing quality investments, infrastructure development, and subsidy rationalization to sustain growth and improve public finances.
