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Fitch Predicts a Positive Outlook for the Maltese Economy for 2017 and 2018

Written by: Bridgewest

Fitch-rated-Malta-AAAAt the middle of February, Fitch Ratings, one of the largest credit rating agencies in the world started issuing its predictions for several European countries, among which Malta. The agency rated Malta’s long-term foreign and local currency issuers at A and also predicted a positive outlook for the country’s economy. Foreign investors interested in starting a business here can rely on the company formation services provided by our consultants in Malta.

The ratings reflect Malta’s strong economic growth

Fitch issued three ratings for Malta in February – the long-term foreign and local currency issuer default rating (IDR) and the senior unsecured foreign and local bonds – all three receiving very good scores. The IDR was rated A with a positive outlook, the senior unsecured foreign currency received the same A rating, while the local currency bonds were rated F1.

These are very good results which are based on Malta’s economy which has registered a strong growth outperforming the prediction of 3.9% increase thanks to the high level of private consumption. The unsecured foreign bonds reflect the public debt/Gross Domestic Product ratio which is decreasing.

Our Maltese company formation agents can offer more information about the main reasons to invest here in 2017.

The Maltese economy to grow by 3.3% in 2017 and 2018

Fitch’s previous rating for Malta was AAA and was given on the grounds of robust economic increase which will be registered this year and in 2018. An average 3.3% growth was predicted by the agency. The rise in the employment levels, the launch of new projects in the transportation, education and healthcare industries are expected to boost the economy this year.

Exports are also expected to contribute to Malta’s good economic condition driven by a rise in the pharmaceutical, financial services, gambling and tourism sectors. The indirect taxes would also contribute to the increase of country’s revenues which will have a positive impact on Malta’s public debt.

For full information on the measures taken by the government to support foreign investors, please feel free to contact our company incorporation representatives in Malta. You can also rely on us if you want to open a company in Malta.

 

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