Sovereign credit ratings expected to remain intact

Malaysian Rating Corp Bhd chief economist Nor Zahidi Alias also believes that Malaysia’s worsening fiscal and debt metrics will not trigger negative rating actions by global credit rating agencies

PETALING JAYA: Rating agencies expect Malaysia’s sovereign credit ratings to remain intact as the government is set to undertake a mega spending spree to support the flailing economy.

Many quarters have previously raised concerns about the government’s affordability to inject more stimulus into the economy, after Prime Minister Tan Sri Muhyiddin Yassin announced a massive economic stimulus package of RM230bil on March 27.