Malaysia Credit Rating

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.

The table below shows the current Malaysia credit ratings, according to the main rating agencies.

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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 - -

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 positive outlook assigned by the rating agency.
Symbol means a negative outlook.
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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
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Malaysia Credit Ratings historical data

Not enough data.

Timetable of Malaysia credit ratings by S&P, Moody's, Fitch and DBRS agencies.
Symbol means a positive outlook assigned by the rating agency.
Symbol means a negative outlook.
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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