Malta’s ‘A’ rating reaffirmed by S&P

Standard & Poor’s Global Ratings has confirmed Malta’s credit rating at A, maintaining the outlook for the country as positive. Furthermore S&P highlighted that it “could raise the ratings on Malta over the next 18 months”.

S&P further explained that , “Our ratings on Malta are suporter by its strong growth performance coupled with consistent current account surpluses driven by its large services exports, as well as its improving budgetary position and fiscal management”, further declaring that “We anticipate Malta’s growth will likely exceed that of peers at similar income levels and stages of development.”

In its report S&P explained that the ratings could be raised over the next 18 months if Malta maintained its economic growth and fiscal performance.

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