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Byline: Foo Eu Jin
THE move by Moody's Investors Service to raise Malaysia's debt outlook to positive from stable could be the first step towards upgrading the country's credit rating, analysts say.
"The raising of our debt outlook by Moody's follows a similiar move by Standard & Poor's last month, which underscores the stronger competitiveness of the country's corporate sector.
"There is a strong likelihood that Moody's and Standard & Poor's will upgrade Malaysia to a BBB+ by the second half of 2002," said an analyst with a foreign research house.
The analyst contends that the higher debt ratings will make it easier for Malaysia to sell …