Finance Minister Edward Scicluna yesterday welcomed the Fitch Ratings assessment on Malta, which affirmed its long-term foreign and local currency issuer default rating at ‘A’. The agency also affirmed Malta’s short-term foreign-currency IDR at ‘F1’ and its ceiling at ‘AAA’.

Prof. Scicluna said this followed two other positive reports on Malta’s economy, one by the European Commission and the other by the International Monetary Fund. He said the government remained committed to attaining its more ambitious budgetary targets, as outlined in the Budget.