International agency Fitch Ratings has confirmed Malta's credit rating as A+ stable, a government statement read.
Fitch Ratings experts concluded that ""the banking sector remains sound", and that the quality of bank assets is imnproving with a reduction in debt that isn't being paid back, government said.
"The report noted that banks in Malta have a good rate of capital, while debt is being handled prudently."
"In contrast to certain discourse by the Opposition, Fitch Ratings experts say that the property prices are not of considerable risk."
Fitch experts also said that governance indicators for the country, according to World Bank measurements are better than those countries with an A rating, and compare well with countries who received AA ratings, government said.
The government added that the agency's report highlights government's 3.9% surplus, and that even this year, government will have another surplus.
Government said that experts expect "a sustained downward trend in the gross general government debt/GDP ratio".
Government added that Fitch experts expect 5.6% growth for the coming year for Malta
from The Malta Independent https://ift.tt/2MheLLU
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