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Among those from Aaa to C, Malaysia is Baa3 |
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News |
June 29, 2000
SINGAPORE (AP) - Moody's Investors Service may upgrade Malaysia's sovereign credit rating this year to reflect the positive outlook on its foreign currency country ceilings since last October, the agency said Wednesday.
"The positive outlook certainly indicates the possibility of a rating change during the course of this year," said Steven Hess, vice president and senior analyst at the ratings agency's sovereign risk unit in New York.
But the positive trend "does not guarantee" a rating change, he told Dow Jones Newswires in Singapore in a telephone interview.
Moody's current Malaysia rating is Baa3.
The New York-based agency's rating ranges from Aaa, the highest, to C, denoting bonds with "extremely poor prospects of ever attaining any real investment standing," according to Moody's Internet site.
Earlier this month, Moody's upgraded Thailand's foreign currency long-term bonds. The agency said the upgrade was prompted by prospects for a favorable balance of payments performance.
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