Rating Agency | Rating | Outlook | Last Update | Action |
---|---|---|---|---|
Standard & Poor's | A- | - | 28 Jun 2022 | outlook upgrade |
Moody's Investors Service | A3 | - | 11 Jan 2016 | outlook downgrade |
Fitch Ratings | BBB+ | - | 4 Dec 2020 | rating downgrade |
DBRS | - | - |
Current Malaysia credit ratings, according to the main rating agencies, provide a snapshot of the country’s creditworthiness and financial stability. These ratings are critical for understanding how international and domestic investors perceive Malaysia ability to honor its financial commitments.
The ratings are determined by comprehensive evaluations conducted by major credit rating agencies such as Standard & Poor's (S&P), Moody's, and Fitch Ratings. Each of these agencies uses a distinct rating scale and methodology to assess the economic and financial health of Malaysia, taking into account various factors such as economic performance, fiscal policies, political stability, and debt levels.
Discover what a Credit Rating is and why it matters.
Malaysia: Long-term Rating Scales Comparison
Malaysia long-term credit ratings, as assigned by major rating agencies, offer a comparative insight into the country's creditworthiness over an extended period. Each rating agency uses its own scale to evaluate the credit risk associated with Malaysia sovereign debt. These scales help investors understand the likelihood that Malaysia will meet its financial obligations.
Symbol means a negative outlook.
Grade | Description | S&P | Moody's | Fitch | DBRS |
---|---|---|---|---|---|
Investment Grade |
Prime |
AAA
|
Aaa
|
AAA
|
AAA
|
High Medium Grade |
AA+
|
Aa1
|
AA+
|
AA(high)
|
|
AA
|
Aa2
|
AA
|
AA
|
||
AA-
|
Aa3
|
AA-
|
AA(low)
|
||
Upper Medium Grade |
A+
|
A1
|
A+
|
A(high)
|
|
A
|
A2
|
A
|
A
|
||
A-
|
A3
|
A-
|
A(low)
|
||
Lower Medium Grade |
BBB+
|
Baa1
|
BBB+
|
BBB(high)
|
|
BBB
|
Baa2
|
BBB
|
BBB
|
||
BBB-
|
Baa3
|
BBB-
|
BBB(low)
|
||
Speculative Grade |
Speculative |
BB+
|
Ba1
|
BB+
|
BB(high)
|
BB
|
Ba2
|
BB
|
BB
|
||
BB-
|
Ba3
|
BB-
|
BB(low)
|
||
Highly Speculative |
B+
|
B1
|
B+
|
B(high)
|
|
B
|
B2
|
B
|
B
|
||
B-
|
B3
|
B-
|
B(low)
|
||
Substantial Risk |
CCC+
|
Caa1
|
CCC+
|
CCC(high)
|
|
CCC
|
Caa2
|
CCC
|
CCC
|
||
CCC-
|
Caa3
|
CCC-
|
CCC(low)
|
||
Extremely Speculative |
CC
|
Ca
|
CC
|
CC
|
|
C
|
C
|
C
|
C
|
||
In Default |
RD
|
/
|
RD
|
RD
|
|
SD
|
/
|
SD
|
SD
|
||
D•NR
|
D•NR
|
D•NR
|
D•NR
|
Malaysia Credit Ratings historical data
Symbol means a positive outlook assigned by the rating agency.
Symbol means a negative outlook.
Date | S&P | Moody's | Fitch | DBRS |
---|---|---|---|---|
28 Jun 2022 | A- | |||
4 Dec 2020 | BBB+ | |||
27 Jun 2020 | A- | |||
10 Apr 2020 | A- | |||
11 Jan 2016 | A3 | |||
30 Jun 2015 | A- | |||
20 Nov 2013 | A3 | |||
30 Jul 2013 | A- | |||
9 Nov 2008 | A- | |||
15 May 2008 | A- | |||
22 Jan 2008 | A- | |||
31 Jul 2007 | A- | |||
16 Dec 2004 | A3 | |||
8 Nov 2004 | A- | |||
6 Apr 2004 | BBB+ | |||
5 Feb 2004 | Baa1 | |||
7 Oct 2003 | A- | |||
24 Sep 2002 | Baa1 | |||
19 Aug 2002 | BBB+ | |||
7 Aug 2002 | BBB+ | |||
9 Apr 2002 | BBB | |||
2 Apr 2002 | Baa2 | |||
4 Mar 2002 | BBB | |||
12 Sep 2001 | BBB | |||
4 Apr 2001 | BBB | |||
17 Oct 2000 | Baa2 | |||
21 Sep 2000 | BBB | |||
31 Aug 2000 | BBB | |||
7 Dec 1999 | BBB | |||
10 Nov 1999 | BBB | |||
7 Oct 1999 | Baa3 | |||
9 Sep 1999 | BBB- | |||
26 Apr 1999 | BBB- | |||
20 Apr 1999 | Baa3 | |||
31 Mar 1999 | BBB- | |||
3 Dec 1998 | Baa3 | |||
15 Sep 1998 | BBB- | |||
14 Sep 1998 | Baa3 | |||
9 Sep 1998 | BB | |||
13 Aug 1998 | BBB- | |||
24 Jul 1998 | BBB+ | |||
23 Jul 1998 | Baa2 | |||
4 Jun 1998 | A2 | |||
17 Apr 1998 | A- | |||
29 Dec 1997 | A2 | |||
23 Dec 1997 | A | |||
23 Sep 1997 | A+ | |||
18 Aug 1997 | A+ | |||
28 Mar 1996 | A+ | |||
15 Mar 1995 | A1 | |||
20 Jan 1995 | A2 | |||
29 Dec 1994 | A+ | |||
11 Mar 1993 | A2 | |||
18 Jan 1993 | A | |||
8 Jul 1991 | A | |||
24 Jul 1990 | A- | |||
12 Mar 1990 | A3 | |||
8 Mar 1989 | A- | |||
18 Jan 1986 | Baa1 |