Malta Outlook Updated From ‘Stable' To ‘Positive' On Standard & Poor's Rating

On the 10th of July, Standard & Poor's revised Malta's economic and fiscal growth rating. Malta's economic outlook according to the agency's rating moved up from 'stable' to 'positive' with a BBB+/A-2 rating.

According to Standard & Poor's Ratings Services, Malta's outlook was rated as 'positive' partly due to the island's economic growth prospects remaining relatively strong within the EU. It is true that Malta is performing relatively well when compared to the rest of the EU member states and has also been achieving one of the most positive performances within the euro zone.

Prime Minister Joseph Muscat while visiting Malta's pavilion at the Milan Expo 2015 stated that Malta is experiencing the strongest economic growth out of the EU28 at the moment. Malta's outlook looks promising as by 2018, government debt will fall to 55% of the country's GDP in 2018, compared to 50% in 2014 if the government continues its budgetary consolidations. Simultaneously during the