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Malta gains more positive credit ratings

Dated: [bxcode.pagedata.date]

International credit agency, Creditreform Rating AG, assigned Malta with an A+ rating and a stable outlook. This followed positive earlier reports by the European Commission, the International Monetary Fund, DBRS, Standard and Poor’s and Fitch showing confidence in Malta.

Among the factors that led to the positive rating, experts of Creditreform mention Malta’s strong economic growth. The credit agency expects that the families’ disposable income would continue to rise as a result of increases in jobs, while unemployment was expected to continue to decrease and the cost of living would be kept under control.

It was pointed out that, according to the Creditreform Rating experts, the country’s economic situation will be in such a good state that it will make the Maltese workforce the fastest growing in the EU 28 countries.

The German experts praised the government’s fiscal policy. While they see the need of further improvement in public administration, they noted that the quality of the regulatory framework was comparable to that of the Eurozone member states and was considered among the best in Europe.

The full Creditreform report can be viewed at https://www.creditreform-rating.de/fileadmin/user_upload/creditreform-rating.de/Dokumente/Sovereign_Ratings/Creditreform_Rating_Malta_SovR__Report_Nov17_fin.pdf

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