We equalized our ratings on Khazanah Nasional Bhd. with those on Malaysia. This reflects our view of an almost certain likelihood of extraordinary support from the government for the company. We assigned our 'A-/A-2' foreign currency and 'A/A-1' local currency long- and short-term issuer credit ratings on Khazanah. The stable outlook on the long-term ratings mirrors that on the sovereign. On April 27, 2023, S&P Global Ratings assigned its 'A-/A-2' foreign currency and 'A/A-1' local currency long- and short-term issuer credit ratings to Khazanah Nasional Bhd. The outlook on the long-term ratings is stable. The stable outlook on Khazanah reflects that on Malaysia (A-/Stable/A-2), given our view of its critical role and integral link with the Malaysian government. We could
