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ARTICLE · 25 SEPTEMBER 2024

Fitch Reaffirms Malta's Strong "A+" Credit Rating

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The agency's projections for Malta's GDP growth have an upward trend from the previous projections in March 2024, when it said it expected 4.1% for 2024.

MaltaFinance and Banking
Thomas Jacobsen
Thomas Jacobsen
Szabolcs Toth
Szabolcs Toth

In the most recent credit rating report published on September 13th 2024, Fitch Ratings has reaffirmed Malta's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'A+' with a stable outlook, outlining Malta's robust economic performance while highlighting the strong momentum with a projected GDP growth of 5.7% this year.

The agency's projections for Malta's GDP growth have an upward trend from the previous projections in March 2024, when it said it expected 4.1% for 2024. The upward trend has been boosted mainly by the resilient post-pandemic recovery of the tourism sector, but also by the strong-performing services and financial sectors. The new GDP growth projection comes to 5.7% in 2024, and 4.3% in 2025.

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