DBRS Confirms Malta's ‘A' Rating

In its latest report on Malta, DBRS Ratings Limited confirmed the country's stable outlook and its 'A' rating, referring to the country's economic resilience, thanks to its low reliance on external financing and its successful efforts at restructuring state owned enterprises which had run into financial difficulties.

The stable outlook reflected DBRS assessment of risks which it expects to be broadly balanced with upside risks counter-acting downside risks.

In its assessment, DBRS also made reference to the rise in national income, which it attributed to the rise in employment generated by trade and tourism as well as the country's success at strengthening fiscal, monetary and financial policy institutions in line with the EU and Eurozone rules. Moreover, reference was made to the resilient private consumption growth and overall strong economic performance.