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Standard & Poor’s Malta Credit Rating Upgraded to ‘A-‘

Standard & Poor’s Malta Credit Rating Upgraded to ‘A-‘

Standard & Poor’s Credit Rating increases

Malta’s Credit Rating to ‘A-‘

First Increase in 20 yearsMalta Credit Rating

  • Malta’s Economy Predicted to increase 25%
  • Influx of Foreign Workers a Contributing Factor

Continuing Malta’s unprecedented and unmatched growth within the EU, Standard & Poor’s has raised Malta’s long-term rating to ‘A-‘, predicting that the economy will continue to grow by an average of 3 per cent a year until 2019.

The agency raised its long-term sovereign credit ratings on Malta to ‘A-‘ from ‘BBB+’. The upgrade reflected what S&P called “Malta’s improved credit metrics”, including:

  • Strong real GDP growth
  • Deficits below 1 per cent for the 2016-19 period
  • Durable current account surpluses

Malta’s outlook remains stable, reflecting S&P’s view that:

the upside potential of Malta’s economic and fiscal performance is counterbalanced by downside risks related to Brexit, external flows, and the structure of the financial sector.”

 

Malta’s short-term foreign and local currency sovereign credit rating remained stable at ‘A-2’.