In a statement, the Maltese government said that DBRS Inc.
confirmed the local and foreign currency issued ratings for Malta
at 'A' as well as the short term foreign and local currency
ratings at R-1 (low). All the ratings demonstrate that Malta's
economic position is stable.
Looking at Malta's economic situation
Amongst other factors, Malta's euro zone membership ensures
the island's access to European markets, leading to strong
macroeconomic policies and opening up channels of support from
European institutions. In addition, households' stable
financial position as well as the island's attractive business
environment support Malta's position.
Malta's public finances, as also previously pointed out by
other rating agencies such as Standard & Poor's expose the
country's economic situation to a certain degree of
vulnerability. Therefore, Malta can hardly afford any slippages in
its public finance strategy and execution. Fiscal consolidation and
a considerable
