Malta Welcomes Two More Rating Upgrades
by Amanda Banks, Lowtax.net, London
28 February, 2018
Malta has welcomed two more credit rating upgrades, from Moody's and DBRS.
DBRS has upgraded Malta's credit rating to "A (high)" from "A", and Moody's has changed the island's outlook to "positive" from "stable."
DBRS notes the Maltese economy continues to surprise on the upside, remaining a top performer in the euro area with its economy powering ahead. Its report highlights Malta's recent economic performance, which it says has been remarkable, and its strengthening fiscal framework, with one of the lowest debt ratios in the EU.
Moody's rating upgrade notes Malta's stronger economic prospects and higher wealth levels than A-rated countries.
Minister for Finance, Edward Scicluna, said: "... from where I heard the news here in India, these upgrades mean more doors being opened for serious discussion, from Prime Minister Modi to his Finance Minister Jaitley. There is an increasing interest in the desire to do business with Malta. It makes you proud to be Maltese."
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