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Fitch affirms Malaysia at “BBB+” with stable outlook

KUALA LUMPUR, Dec. 17 (Xinhua) — Fitch Ratings has affirmed Malaysia’s long-term foreign-currency issuer default rating (IDR) at “BBB+” with a stable outlook.

The rating agency said in a statement on Monday that Malaysia’s ratings are supported by strong and broad-based medium-term growth, driven by robust domestic and foreign investments, and persistent current account surpluses with a diversified export base.