Flag

DBRS ratings agency has reconfirmed Malta’s A(high) stable rating, a development welcomed by Government.

Prime Minister Robert Abela welcomes the rating

Malta has enjoyed such a rating since 2018, while in this latest assessment DBRS remarked that the stable trend is reflective of its view that Malta’s strong economic and fiscal track record prior to COVID-19 shocks serve to offset the risks to the ratings.

DBRS also said the economic impact from Malta’s greylisting by the Financial Action Task Force (FATF) “remains unclear” and will largely depend on the speed with which Malta’s authorities address the action points laid out by the global organisation.

It said the actions taken by Malta to strengthen its Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) framework will serve to mitigate the possible risks from greylisting.

DBRS said it expects Malta’s fiscal position to return to healthier times as the COVID-19 support measures are eased and the economy starts to regenerate activity on its own steam, helping to stabilise the public debt ratio.

“Rebuilding the fiscal buffers and strengthening the fiscal balance further will require a fiscal consolidation plan once the economy reaches a self-sustaining path,” it said.

Related

Hotels report strong 2024 so far, optimistic about a very busy summer

May 18, 2024
by Robert Fenech

Trends are shifting in the preference for last-minute bookings, hotels say

Labour Party European Parliament manifesto: What’s in it for businesses?

May 17, 2024
by Anthea Cachia

Looking ahead, Prime Minister Robert Abela pledges new opportunities on the commercial and social sphere

WATCH: MEPs in dialogue – Enhancing Europe

May 17, 2024
by Helena Grech

The fourth in a series of debates designed to engage citizens in the lead-up to the MEP elections