By Kuala Lumpur Newsroom Nikkei Markets KUALA LUMPUR (Jun 22) -- S&P Global Ratings today kept its investment grade credit rating on Malaysia amid expectation that authorities will continue to implement prudent budgetary and economic policies, and that the country's economy will grow at an average annual rate of over 4% until 2020.
The ratings agency affirmed its 'A-' long-term and 'A-2' short-term foreign currency sovereign rating on Malaysia, as well as 'A' long-term and 'A-1' short-term local currency rating. The outlook on the long-term rating remains stable.
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