It rates Malaysia as A3 stable, but says weakness in trade, commodity prices and general sentiment will weigh on growth for all 5 economies. FMTNews Moody
Moody’s Investors Service says the five economies are experiencing sharp declines in external trade flows, while ongoing travel restrictions are weighing on tourism-related revenue and export earnings.
“The various policy measures will mitigate credit-negative pressure on companies, banks and the broader economy, but weakness in trade, commodity prices and general sentiment will weigh on growth for all five economies,” Moody’s assistant vice-president Deborah Tan said. Moody’s found that policy measures for the financial sector had mostly focused on providing liquidity to banks to support new lending and through credit restructuring such as debt moratoriums.“Few corporate sectors will benefit directly from government support, with strategically important state-owned enterprises likely to take priority in receiving direct financial support.
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