Malaysia Credit Rating trends, research and data
This page includes the government debt credit rating and outlook of Malaysia as reported by the credit rating agencies of S&P, Moody’s and Fitch. Credit rating agencies are often slow to respond to rising risk conditions. Sign up free to monitor Malaysia’s sovereign risk using MacroVar Advanced Financial & Macroeconomic data analytics.
| Date | Rating | Outlook | Indicator |
|---|---|---|---|
| 27-06-22 | A- (Stable) | A | Malaysia Credit Rating (S&P) |
| 28-01-21 | A3 (Stable) | A3 | Malaysia Credit Rating (Moody's) |
| 04-12-20 | BBB+ (Stable) | BBB+ | Malaysia Credit Rating (Fitch) |
| 26-06-20 | (Negative) | Malaysia Credit Rating (S&P) | |
| 09-04-20 | A- | A- | Malaysia Credit Rating (Fitch) |
| 18-07-19 | A- | A- | Malaysia Credit Rating (Fitch) |
| 21-02-19 | A- | A- | Malaysia Credit Rating (Fitch) |
| 07-12-18 | A3 (Stable) | A3 | Malaysia Credit Rating (Moody's) |
| 14-08-18 | A- (Stable) | A- | Malaysia Credit Rating (Fitch) |
| 28-03-18 | A- (Stable) | A- | Malaysia Credit Rating (Fitch) |
| 07-12-17 | A3 (Stable) | A3 | Malaysia Credit Rating (Moody's) |
| 17-08-17 | A- (Stable) | A- | Malaysia Credit Rating (Fitch) |
| 18-08-16 | A- (Stable) | A- | Malaysia Credit Rating (Fitch) |
| 22-07-16 | A- (Stable) | A- | Malaysia Credit Rating (Fitch) |
| 23-02-16 | A- (Stable) | A | Malaysia Credit Rating (Fitch) |
| 11-01-16 | A3 (Stable) | A3 | Malaysia Credit Rating (Moody's) |
| 30-06-15 | A- | A | Malaysia Credit Rating (Fitch) |
| 30-01-15 | A3 (Positive) | A3 | Malaysia Credit Rating (Moody's) |
| 23-09-14 | A- (Negative) | A | Malaysia Credit Rating (Fitch) |
| 19-09-14 | A- (Negative) | A | Malaysia Credit Rating (Fitch) |
| 20-08-14 | A- (Negative) | A | Malaysia Credit Rating (Fitch) |
| 13-08-14 | A- (Negative) | A | Malaysia Credit Rating (Fitch) |
| 07-08-14 | A- (Negative) | A | Malaysia Credit Rating (Fitch) |
| 25-07-14 | A- (Negative) | A | Malaysia Credit Rating (Fitch) |
| 18-07-14 | A- (Negative) | A | Malaysia Credit Rating (Fitch) |
Malaysia Credit Rating Analysis
The credit rating signal from each credit rating agency for the sovereign debt of Malaysia and it’s meaning is presented in the table below.
| S&P | Moody’s | Fitch | Analysis |
| AAA | Aaa | AAA | Prime |
| AA+ | Aa1 | AA+ | High grade |
| AA | Aa2 | AA | |
| AA- | Aa3 | AA- | |
| A+ | A1 | A+ | Upper medium grade |
| A | A2 | A | |
| A- | A3 | A- | |
| BBB+ | Baa1 | BBB+ | Lower medium grade |
| BBB | Baa2 | BBB | |
| BBB- | Baa3 | BBB- | |
| BB+ | Ba1 | BB+ | Non-investment grade speculative |
| BB | Ba2 | BB | |
| BB- | Ba3 | BB- | |
| B+ | B1 | B+ | Highly speculative |
| B | B2 | B | |
| B- | B3 | B- | |
| CCC+ | Caa1 | CCC | Extremely speculative |
| CCC | Caa2 | ||
| CCC- | Caa3 | In Default with small probability of recovery | |
| CC | Ca | ||
| C | C | ||
| D | / | DDD | In default |