Malaysia Credit Ratings & Outlooks
Country | Moody's | S&P | Fitch | DBRS | Scope Ratings |
|---|---|---|---|---|---|
A3 Stable | A- Stable | BBB+ Stable | NR | NR |
Credit Rating History
Country | Date of Change | Rating Agency | Previous Rating | Previous Outlook | Current Rating | Current Outlook |
|---|---|---|---|---|---|---|
| Jun 27, 2022 | S&P | A- | Negative | A- | Stable | |
| Dec 04, 2020 | Fitch | A- | Negative | BBB+ | Stable | |
| Jun 27, 2020 | S&P | A- | Stable | A- | Negative | |
| Apr 09, 2020 | Fitch | A- | Stable | A- | Negative | |
| Jan 11, 2016 | Moody's | A3 | Positive | A3 | Stable | |
| Jun 30, 2015 | Fitch | A- | Negative | A- | Stable | |
| Nov 20, 2013 | Moody's | A3 | Stable | A3 | Positive | |
| Jul 30, 2013 | Fitch | A- | Stable | A- | Negative | |
| Nov 09, 2008 | Fitch | A- | Positive | A- | Stable | |
| May 15, 2008 | S&P | A- | Positive | A- | Stable | |
| Jan 22, 2008 | Fitch | A- | Stable | A- | Positive | |
| Jul 31, 2007 | S&P | A- | Stable | A- | Positive | |
| Dec 16, 2004 | Moody's | Baa1 | Positive Watch | A3 | Stable | |
| Nov 08, 2004 | Fitch | BBB+ | Positive | A- | Stable | |
| Sep 29, 2004 | Moody's | Baa1 | Positive | Baa1 | Positive Watch | |
| Apr 06, 2004 | Fitch | BBB+ | Stable | BBB+ | Positive | |
| Feb 05, 2004 | Moody's | Baa1 | Stable | Baa1 | Positive | |
| Oct 07, 2003 | S&P | BBB+ | Stable | A- | Stable | |
| Sep 24, 2002 | Moody's | Baa2 | Positive Watch | Baa1 | Stable | |
| Aug 19, 2002 | S&P | BBB | Positive | BBB+ | Stable |
Table Key
| Grade | Moody's | S&P | Fitch | DBRS | Scope Ratings |
|---|---|---|---|---|---|
Prime | Aaa | AAA | AAA | AAA | AAA |
High Grade | Aa1 | AA+ | AA+ | AA (high) | AA+ |
Aa2 | AA | AA | AA | AA | |
Aa3 | AA- | AA- | AA (low) | AA- | |
Upper Medium Grade | A1 | A+ | A+ | A (high) | A+ |
A2 | A | A | A | A | |
A3 | A- | A- | A (low) | A- | |
Lower Medium Grade | Baa1 | BBB+ | BBB+ | BBB (high) | BBB+ |
Baa2 | BBB | BBB | BBB | BBB | |
Baa3 | BBB- | BBB- | BBB (low) | BBB- | |
Non-investment Grade Speculative | Ba1 | BB+ | BB+ | BB (high) | BB+ |
Ba2 | BB | BB | BB | BB | |
Ba3 | BB- | BB- | BB (low) | BB- | |
Highly Speculative Grade | B1 | B+ | B+ | B (high) | B+ |
B2 | B | B | B | B | |
B3 | B- | B- | B (low) | B- | |
Substantial Risk Grade | Caa1 | CCC+ | CCC+ | CCC | |
Caa2 | CCC | CCC | CCC | CCC | |
Caa3 | CCC- | CCC- | CCC | ||
Extremely Speculative Grade | Ca | CC | CC | CCC | CC |
C | CCC | C | |||
In Default with Little Prospect for Recovery | CD | RD | RD | ||
In Default | SD | SD | |||
C | D | D | D | D | |
DD | DD | ||||
DDD | DDD | ||||
Not Rated | NR | NR | NR | NR | NR |
FAQ
What is Malaysia’s current credit rating?
Malaysia’s sovereign credit rating reflects its government’s ability and willingness to meet debt obligations. It is assigned by major agencies such as S&P, Moody’s, Fitch, DBRS, and Scope, and represents how international markets view Malaysia’s credit risk.
Has Malaysia’s credit rating changed recently?
This page lists the latest rating and outlook actions for Malaysia, showing when each agency last reviewed or changed its assessment.
Why does Malaysia’s credit rating matter to investors?
Ratings directly affect borrowing costs, investor confidence, and market access. Changes can influence Malaysia's bond yields, currency, and equity flows as investors reassess risk.
How does Malaysia’s rating compare to other countries?
You can explore how Malaysia ranks globally using our Credit Ratings Hub, which displays all countries’ ratings from S&P, Moody’s, Fitch, DBRS, and Scope.
What do outlooks like Positive, Stable, and Negative mean?
They indicate the expected direction of a rating. Positive signals a possible upgrade, Stable means no change is likely, and Negative points to potential downgrade risk
What is the difference between investment grade and speculative grade?
Investment grade (BBB−/Baa3 or higher) means relatively low risk and steady market access. A speculative grade (BB+/Ba1 or lower) signals higher risk and volatility, but can attract yield-seeking investors.
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