Following Moody’s affirmation of Malta’s A3 government bond rating, international credit rating Fitch has confirmed Malta’s rating at A+. Fitch described Malta’s outlook as stable.
In its reaction, the Government said that this confirmed Malta’s achievements in reaching its financial targets and is an important message of stability for investors and for those looking at investing in Malta.
Fitch also confirmed that Malta’s economic growth surpassed the eurozone average.
Malta, Fitch said, was not deterred by new emerging sectors. The Government has, in fact, continued to put focus on successfully restructuring Malta’s manufacturing base from a low-cost labour-intensive jurisdiction to the higher value added opportunities based on research and innovation, resulting in the expansion of the pharmaceutical sector, aviation services and the manufacturing of higher-end electrical components.
