Stan­dard & Poor’s main­tains Malta’s sovereign credit rat­ing, but raises out­look to pos­i­tive

The Malta Independent on Sunday - - NEWS -

Stan­dard & Poor’s has main­tained Malta’s sovereign credit rat­ing at A-, but has raised the out­look from ‘sta­ble’ to ‘pos­i­tive’.

The credit rat­ing agency said that the out­look on Malta had been re­vised to ‘pos­i­tive’ on strong growth prospects. It said that the out­look re­vi­sion re­flects its ex­pec­ta­tion that Malta’s econ­omy will con­tinue its strong cycli­cal ex­pan­sion.

“The pos­i­tive out­look re­flects that we could raise rat­ings on Malta over the next 24 months, if eco­nomic growth re­mains in line with our ex­pec­ta­tions,” S&P said, adding that Malta’s rat­ings are sup­ported by a strong growth per­for­mance with con­sis­tent cur­rent ac­count sur­pluses and nar­row­ing gov­ern­ment deficits.

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