Moody's Sees Key Risk to Malaysia Credit Rating From Tariffs
Tariff shocks pose a major threat to Malaysia's sovereign credit rating, given the potential disruption to economic growth and fiscal consolidation, according to Moody's Investors Service.
The ratings firm sees downside risks to its initial projection of 5% growth for Malaysia this year due to exposure to global trade tensions. There's also a possibility that the government increases spending to counter headwinds from US-imposed levies, said Christian De Guzman, senior vice-president at Moody's.
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