18 January 2014

Malta: ‘2013 economic growth exceeded our expectations’ – S&P

Credit ratings agency maintains long and short-term sovereign credit ratings on Malta, as its indications are that economic growth during 2013 exceeded its expectations.

MaltaToday 17/01/2014: Credit ratings agency Standard & Poor's has maintained Malta's long and short-term sovereign credits ratings at BBBplus/A-2 after noting that the government started its legislative session with progress on a longstanding reform agenda, particularly in the energy sector.

"Indications are that 2013 economic growth has exceeded our expectations," S&P said.
The agency however sees the government's relatively high debt burden as constraining policy flexibility, particularly as it forecasts growth to remain below pre-crisis rates...read on.