Fitch Ratings has affirmed Malta's Long-Term Issuer Default Rating (IDR) at 'A+' with a Stable Outlook.

Malta's rating is supported by high per-capita income, high potential and actual growth rates and euro area membership. These strengths are balanced against its large banking sector, the small size of its economy, which is highly vulnerable to external developments, and a recent deterioration in public finances with large fiscal deficits, which have led to an increase in the moderate public debt burden.

Financial stability is supported on a sound banking sector. Bank balance sheets are strong, with high levels of liquidity and strong capitalisation, while leverage is low and non-performing loans are low.

[icon color="Accent-Color" size="regular" icon_size="" image="fa-file-pdf-o"] Fitch Ratings, March 2024 - Read the full report for more details.

See also:

• Moodys Affirms Malta's A2 Rating with Stable Outlook (Times of Malta, November 2023)