Current Malta credit ratings, according to the main rating agencies, provide a snapshot of the country’s creditworthiness and financial stability. These ratings are critical for understanding how international and domestic investors perceive Malta ability to honor its financial commitments.
The ratings are determined by comprehensive evaluations conducted by major credit rating agencies such as Standard & Poor's (S&P), Moody's, and Fitch Ratings. Each of these agencies uses a distinct rating scale and methodology to assess the economic and financial health of Malta, taking into account various factors such as economic performance, fiscal policies, political stability, and debt levels.
The table below shows the current Malta credit ratings, according to the main rating agencies.
| Rating Agency | Rating | Outlook | Last Update | Action |
|---|---|---|---|---|
| Standard & Poor's | A- | - | 16 Mar 2020 | outlook downgrade |
| Moody's Investors Service | A2 | - | 21 Nov 2022 | outlook upgrade |
| Fitch Ratings | A+ | - | 18 Apr 2020 | outlook downgrade |
| DBRS | A (high) | - | 23 Feb 2018 | rating upgrade |
Malta: Long-term Rating Scales Comparison
Malta long-term credit ratings, as assigned by major rating agencies, offer a comparative insight into the country's creditworthiness over an extended period. Each rating agency uses its own scale to evaluate the credit risk associated with Malta sovereign debt. These scales help investors understand the likelihood that Malta will meet its financial obligations.
Symbol means a negative outlook.
| Grade | Description | S&P | Moody's | Fitch | DBRS |
|---|---|---|---|---|---|
|
Investment Grade |
Prime |
AAA
|
Aaa
|
AAA
|
AAA
|
| High Medium Grade |
AA+
|
Aa1
|
AA+
|
AA(high)
|
|
|
AA
|
Aa2
|
AA
|
AA
|
||
|
AA-
|
Aa3
|
AA-
|
AA(low)
|
||
| Upper Medium Grade |
A+
|
A1
|
A+
|
A(high)
|
|
|
A
|
A2
|
A
|
A
|
||
|
A-
|
A3
|
A-
|
A(low)
|
||
| Lower Medium Grade |
BBB+
|
Baa1
|
BBB+
|
BBB(high)
|
|
|
BBB
|
Baa2
|
BBB
|
BBB
|
||
|
BBB-
|
Baa3
|
BBB-
|
BBB(low)
|
||
|
Speculative Grade |
Speculative |
BB+
|
Ba1
|
BB+
|
BB(high)
|
|
BB
|
Ba2
|
BB
|
BB
|
||
|
BB-
|
Ba3
|
BB-
|
BB(low)
|
||
| Highly Speculative |
B+
|
B1
|
B+
|
B(high)
|
|
|
B
|
B2
|
B
|
B
|
||
|
B-
|
B3
|
B-
|
B(low)
|
||
| Substantial Risk |
CCC+
|
Caa1
|
CCC+
|
CCC(high)
|
|
|
CCC
|
Caa2
|
CCC
|
CCC
|
||
|
CCC-
|
Caa3
|
CCC-
|
CCC(low)
|
||
| Extremely Speculative |
CC
|
Ca
|
CC
|
CC
|
|
|
C
|
C
|
C
|
C
|
||
| In Default |
RD
|
/
|
RD
|
RD
|
|
|
SD
|
/
|
SD
|
SD
|
||
|
D•NR
|
D•NR
|
D•NR
|
D•NR
|
||
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Malta Credit Ratings historical data
Symbol means a positive outlook assigned by the rating agency.
Symbol means a negative outlook.
| Date | S&P | Moody's | Fitch | DBRS |
|---|---|---|---|---|
| 21 Nov 2022 | A2 | |||
| 9 Aug 2021 | A2 | |||
| 18 Apr 2020 | A+ | |||
| 16 Mar 2020 | A- | |||
| 23 Jul 2019 | A2 | |||
| 13 Jul 2019 | A+ | |||
| 23 Feb 2018 | A3 | A (high) | ||
| 29 Sep 2017 | A- | |||
| 25 Aug 2017 | A | |||
| 11 Aug 2017 | A+ | |||
| 14 Oct 2016 | A- | |||
| 19 Aug 2016 | A | |||
| 10 Jul 2015 | BBB+ | |||
| 3 Apr 2015 | A | |||
| 4 Oct 2013 | A3 | |||
| 20 Sep 2013 | A | |||
| 16 Jan 2013 | BBB+ | |||
| 13 Feb 2012 | A3 | |||
| 13 Jan 2012 | A- | |||
| 5 Dec 2011 | A | |||
| 6 Sep 2011 | A2 | |||
| 3 Jan 2008 | A1 | |||
| 12 Jul 2007 | A+ | |||
| 10 Jul 2007 | A2 | |||
| 9 Mar 2006 | A3 | |||
| 4 Nov 2003 | A | |||
| 15 Jul 2003 | A3 | |||
| 2 May 2000 | A | |||
| 10 Mar 1999 | A | |||
| 17 Feb 1999 | A3 | |||
| 19 Jun 1998 | A+ | |||
| 25 Mar 1998 | A3 | |||
| 3 Jul 1997 | A2 | |||
| 20 Jul 1996 | A | |||
| 6 May 1996 | A+ | |||
| 14 Mar 1994 | A | A2 |
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