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ARTICLE · 05 NOVEMBER 2013

MFSA Newsletter - October 2013

MFSA – Malta Financial Services Authority
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Following an extensive review of Malta’s economic and financial position, credit rating Agency Moody’s changed the outlook on Malta’s A3 government bond rating to stable.

MaltaFinance and Banking
MFSA – Malta Financial Services Authority
MFSA – Malta Financial Services Authority
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Moody's changes Malta's rating to stable, highlights strength of banking system

Following an extensive review of Malta's economic and financial position, credit rating Agency Moody's changed the outlook on Malta's A3 government bond rating to stable.

The key drivers underpinning Moody's decision included the expectation that debt metrics will stabilize in 2014 given an economic recovery and the country's commitment to fiscal consolidation; Malta's lack of funding stress and limited contagion risk from the euro area; the resilience of the Maltese banking system, with banks following a very conservative and traditional banking model that has not presented problems for the sovereign even through the worst of the financial crisis.

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