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