Moody’s Investors Service’s revision of the country's soverign rating outlook to stable from positive is not a downgrade, said Minister in the Prime Minister's Department, Senator Abdul Wahid Omar.

“It is a revision in the outlook that is reflecting the current global economic scenario,” he said.

Moody’s today affirmed the government of Malaysia’s issuer and senior unsecured bond ratings at A3 and changed the outlook to stable from positive.

Along with it, Moody’s revised the ratings of three other government-linked companies - Malaysia Airports Holdings Bhd, Tenaga Nasional Bhd and Penerbangan Malaysia Bhd - to stable from positive.

- Bernama