Malaysia's response to Standard & Poor's maintaining its sovereign credit rating outlook as "stable"

The Ministry of Finance of Malaysia issued a statement on the 20th stating that the international credit rating agency Standard & Poor's latest assessment maintains Malaysia's sovereign credit rating at "A-" with a "stable" outlook unchanged. The country will continue to promote comprehensive reform processes to accelerate economic growth, enhance economic resilience and sustainability. The Ministry of Finance of Malaysia stated that in the first half of this year, the country's Gross Domestic Product grew by 4.4% compared to the same period last year, with strong growth in household consumption expenditure, continued growth in private and public sector investments, and active promotion of infrastructure construction. It is expected that the country's GDP for the whole year will grow by 4% to 4.8% compared to last year.