S&P affirms Malaysia A- stable outlook

KUALA LUMPUR: Sovereign rating agency Standard & Poor’s has affirmed Malaysiaat A – position, saying the stable outlook reflects the country’s strong external position and monetary flexibility.
The outlook remains stable, reflecting Malaysia’s strong external asset position.
It would reduce the likelihood of a downgrade to lessthan one-in-three over the next 24 months.
“This affirmation is based on our expectations that the 1MDB issues and the upcoming change i