Scope confirms Malta A2 rating amid strong growth outlook

Prime Minister Robert Abela announced that Scope Ratings reaffirmed Malta’s A2 rating with a stable outlook based on strong trend growth, moderate debt, and strong institutional framework. 

Abela explained that Malta’s economic momentum continues to outperform European peers through fiscal prudence, strong fundamentals, and investor-friendly regulatory framework.

The German agency added that the A+ certificate is predicted to remain stable despite the challenging international situation, attributing the ratings stability to the government’s decision to shield families and businesses from increasing oil prices through energy subsidies.

Scope Ratings added that Malta is predicted to continue to grow at a higher rate than other countries, contrasting with five EU countries that were given a negative outlook.

The agency projects a rise in tourism, driven by holidaymakers choosing Malta over Cyprus and destinations in the Middle East and Arabian Gulf.

The report also claims that the government has a track record of fiscal prudence, as the deficit is expected to decline while national debt falls to 40% of Malta’s GDP.

“Let us stay on this course,” Abela concluded.