Ram Reaffirms Malaysia's Global, Asean-scale Sovereign Ratings
9 views · Published 19 January 2018 · 1:06 · Indexed 26 October 2026
Channel: 7Edition · 2018 · News & Politics
Ram Ratings has reaffirmed Malaysia’s respective Global, Asean and Malaysia Domestic-scale Sovereign ratings at stable. The Ratings reflect the country’s resilient economic growth and the government’s fiscal consolidation efforts. The Firm, said the country’s external indicators were still supportive of its current ratings, although high government and household debt levels remain a challenge. Malaysia’s Economic Growth, estimated at 5.8% in 2017 exceeds the firm's initial expectation of 4.5% due to rapid export growth amid a broad-based recovery in global economic conditions. It said, investment demand is anticipated to improve amid a broad-based capacity build up across various sectors and on-going large development projects. Ram Ratings also stated that the Government’s Fiscal Deficit target of 2.8% of GDP under 2018 budget is achievable given the economic conditions. This includes gradual recovery in oil price, and the country's commitment to long-term fiscal consolidation.
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