He said the government’s legislative and institutional reforms, in particular, had resulted in better policy clarity and effective economic management.

Anwar, who is also the finance minister, said Fitch had mentioned how policy certainty had improved as a result of political stability.

This was further demonstrated by the introduction of various economic reforms, including the Public Finance and Fiscal Responsibility Act 2023, and the strengthening of state-owned enterprise governance and legislation.

In a statement, Anwar said this was in line with the International Monetary Fund’s views on the government’s timely reform agenda in enhancing productivity and inclusive growth.

Yesterday, the ratings agency affirmed Malaysia’s long-term foreign-currency issuer default rating at BBB+ with a stable outlook.