KUALA LUMPUR (Aug 18): Prime Minister Datuk Seri Najib Tun Razak said
Fitch Rating's affirmation of Malaysia’s long-term foreign- and local-currency issuer default ratings at ‘A-' is a recognition of the country’s economic management.

Najib said this in a Twitter post today. "It is another recognition for the country's economic management," he said.

The Edge Financial Daily (Edge FD) reported today Fitch had affirmed Malaysia’s long-term foreign- and local-currency issuer default ratings at ‘A-’ with a stable outlook.

Quoting Fitch's statement, Edge FD reported that Fitch said Malaysia’s ‘A-’ rating was supported by strong gross domestic product growth compared with the median of ‘A’ category peers, sustained current account surpluses and the country’s net external creditor position.