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Moody’s affirms Malta’s A3 rating, Stable Outlook

Moody’s affirms Malta’s A3 rating, Stable Outlook

The Ministry for Finance welcomes the latest rating by the international credit rating agency Moody’s re-affirming Malta’s rating at A3 with a stable outlook.

 

The Ministry notes that the main factors underpinning Moody’s rating were Malta’s resilient economy, its competitiveness level, the recent structural reforms, the elevated wealth levels and its ability to absorb future shocks. Other factors determining the rating included Malta’s fiscal strength, its decreasing debt burden and the resilience of Malta’s very large banking system.

 

Minister for Finance Prof Edward Scicluna states that, “once again we welcome this positive rating, while paying particular attention to those determinants which could change the rating. The Government is determined to continue addressing those factors which enable the country achieve a rating upgrade.”

 

Source:  Press Release issued by the Ministry of Finance