S&P's reaffirms Malaysia's ratings

The international ratings agency also expects Malaysia’s net general government debt to peak at 51 per cent of gross domestic product (GDP) next year and to modestly decline thereafter. In reaffirming its “A-/A-2” foreign currency and “A/A-1” local currency sovereign credit ratings on Malaysia, S&P’s said: “The ‘stable’ outlook balances Malaysia’s strong external asset position and high monetary flexibility with its relatively weake