Datuk Seri Abdul Wahid Omar says the Fitch affirmation on the country's debt outlook will strengthen Malaysia's global position. – The Malaysian Insider file pic, February 25, 2016.Fitch Ratings' recent affirmation of Malaysia's debt outlook will further strengthen the country's position in the global economic sphere, Minister in the Prime Minister's Department Datuk Seri Abdul Wahid Omar says.
Wahid said Fitch took into consideration the government's "proactive measure" in the recalibrated Budget 2016.
"We are working hard to improve the country's economic fundamentals, and this (affirmation by Fitch) will further strengthen our position," Wahid told reporters after launching Ekuiti Nasional Bhd's corporate social responsibility programme in Kuala Lumpur today.
Last Tuesday, Fitch affirmed Malaysia's long-term foreign- and local-currency issuer default ratings at “A-” and “A” respectively. Both ratings came with a stable outlook.
Fitch said in a statement that ratings on Malaysia's senior unsecured local-currency bonds were also affirmed at “A”. – The Edge Markets, February 25, 2016.
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