Moody's Affirms ‘A3 Positive' Rating For Malta

The latest credit opinion by Moody's Investor Service affirmed an A3 Rating for Malta with a positive outlook. Moody's highlighted Malta's sustained progress on public sector debt reduction and the prospects for further fiscal consolidation on the back of a buoyant economic performance. The rating agency points out that it will upgrade the rating for Malta to A2 if the improvement in fiscal strength is sustained.  

Moody's notes Malta's recent track record of strong economic growth, an elevated per-capita income and very high scores in terms of global competitiveness.  While its small size and openness make it susceptible to external shocks, Malta is able to weather such storms due to the high level of competitiveness as well as elevated wealth levels.