Malta - 'A' Rated by Fitch

Credit rating agency Fitch has affirmed Malta's Long-term foreign and local currency Issuer Default Rating (IDRs) at 'A' with Stable Outlooks. Fitch stated that it based this rating on the gradual improvement of Malta’s public finances, strong economic growth and lower nominal interest expenditure.

Furthermore Fitch noted that Malta’s economic growth would continue to outperform its Eurozone peers in the medium term while at the same time public finances will continue to improve.

The issue ratings on Malta's senior unsecured foreign and local currency bonds have also been affirmed at 'A'. Fitch has also affirmed the country ceiling at 'AAA' and the short-term foreign currency IDR at 'F1'.