Malta Retains A+ Credit Rating
by Amanda Banks, Lowtax.net, London
14 February, 2018
Malta's credit rating of A+ with a stable outlook has been reaffirmed by Fitch Ratings.
The positive rating recognizes Malta's high national income per head, robust economic growth, large net external creditor position, and strong governance indicators, the agency said.
Fitch Ratings said the structural shift of Malta's economy towards more service oriented and less investment intensive-sectors will lead to a sustained current account surplus and a healthy external position. Malta's banking sector was also singled out for its robust capitalization and liquidity ratios, and improving asset quality.
Welcoming the news, Edward Scicluna, Minister for Finance, commented: "This positive rating, released just after the upward revision in Malta's growth forecasts by the EU, further confirms yet again that Malta is in for more years of success that will be enjoyed by all."
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