Moody's Investors Service had on Monday affirmed the Government of Malaysia's issuer and senior unsecured bond ratings at A3 and changed the outlook to stable from positive.
It said the key drivers of the outlook revision were:
* The deterioration in Malaysia's growth and external credit metrics due to external pressures over the past year.
* Macro-financial risks posed by system-wide leverage, which remains high.
* Moody's expectation that—despite progress on fiscal consolidation—Malaysia's public debt burden and debt affordability will see only limited improvement over the outlook horizon.
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It said the key drivers of the outlook revision were:
* The deterioration in Malaysia's growth and external credit metrics due to external pressures over the past year.
* Macro-financial risks posed by system-wide leverage, which remains high.
* Moody's expectation that—despite progress on fiscal consolidation—Malaysia's public debt burden and debt affordability will see only limited improvement over the outlook horizon.
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