S&P may revise M’sia’s outlook to ‘stable’ over next 24 months

S&P said it expects most Asia-Pacific sovereign credit ratings to remain unchanged in the next one to two years.

KUALA LUMPUR: S&P Global Ratings (S&P) may revise Malaysia’s outlook to “stable” from “negative” over the next 24 months if the economy grows considerably faster than what it had forecast through stronger fiscal performance.

Sovereign and International Public Finance Ratings director Andrew Wood said the rating agency also expects the nation’s economy to see a stronger recovery, recording a 7.5% growth this year after contracting 5.6% in 2020 due to the Covid-19 pandemic.