Following Malta’s positive endorsement by Fitch Ratings earlier in 2015 when it affirmed Malta’s long-term foreign and local currency issuer default rating (IDRs) at ‘A’, the jurisdiction has received another vote of confidence in the form of an additional ‘A’ Rating from International Ratings Agency, DBRS.
DBRS noted that the rating reflects the strong economic growth of the country as well as the progress made in respect of reducing the deficit and national debt. Moreover, it is understood that if the current progress continues and the reforms undertaken in the public sector are successful, Malta’s rating will improve further.
DBRS highlighted and applauded the various incentives that the Government allows the industry, particularly in relation to foreign direct investments in Malta.
Accordingly, DBRS have predicted a 3.3% growth in the Maltese economy for this year.