KUCHING, June 26 -- Sarawak is far from bankruptcy as alleged by DAP's Lim Guan Eng, Datuk Awang Tengah Ali Hasan assured domestic investors today, pointing to the state's healthy credit ratings and audit records.

The state deputy chief minister said international rating agencies such as Moody's and Standard and Poor's have regularly affirmed Sarawak's credit rating at A3 and A- respectively.

The A3 rating ? after AAA, AA1, AA2, and AA3 ? is Moody's system to indicate low credit risk as is Standard and Poor's A- rating.

"Similarly, the Auditor-General of Malaysia has also accorded Sarawak with a clean bill of financial health for the past 17 consecutive years," Awang Tengah said at the Sarawak Domestic Investment Seminar here attended ...