KUCHING, Oct 21 2026: The Rating Agency Malaysia (RAM) has reaffirmed Sarawak's credit rating at AAA with a stable outlook while Moody's Rating and S&P Global Rating have also reaffirmed the state's commendable investment credit ratings at A3 and A-, respectively, in June this year.
Deputy Premier Douglas Uggah said these commendable investment credit ratings are a testimony to the state's sound financial position.
"But let me emphasise that credit ratings are not an end in themselves. They are a reflection of the principles that we have consistently upheld - prudent fiscal management, disciplined expenditure, strong reserves, responsible borrowing and sound governance," he said in his winding up speech in the State Legislative Assembly (SLA) today.
He said the state has again been awarded a Clean Certificate for its Public Accounts for the financial year 2025.
"This achievement marks the 24th consecutive year in which the state has attained this esteemed recognition, reflecting the enduring strength of our governance institutions, and the prudence that continues to guide our financial stewardship.
"Such a remarkable record, sustained over more than two decades, stands as testament to our steadfast commitment to accountability, integrity, and excellence in financial management. It is an achievement of which the state can be justly proud of," he added.
Uggah said this accomplishment would not have been possible without the dedication and professionalism of our state civil servants, saying that their unwavering commitment to upholding the highest standards of governance and financial discipline has strengthened the credibility of the state's institutions and reinforced public trust in the responsible, transparent, and effective management of state resources.
"As we look to the future, let us remain unwavering in our commitment to sound financial governance and responsible stewardship of public resources. Fiscal discipline is the foundation upon which the State's long-term stability, prosperity, and resilience are built.
"Let us never lose sight of the solemn responsibility entrusted to us as custodians of the state's resources. The choices we make today will shape the future of Sarawak, and well-being of generations to come," Uggah said.
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