EM ASIA CREDIT: Telekom Malaysia (TELMAL, A3/A-/BBB+) ratings affirmed

"*MOODY'S RATINGS AFFIRMS TELEKOM MALAYSIA'S A3 RATINGS; OUTLOOK" - BBG

In summary, Moody's states that Telekom Malaysia's credit quality continues to improve with leverage maintained below 2.0x. Pricing restrictions imposed by the regulator are a downside, but overall the credit is solid. We note that there is a $241m 8/25 maturity. Liquidity is strong with cash and equivalent at end '24 of MYR3.1bn ($700m). Overall neutral for spreads.