Malta Credit Ratings & Outlooks
Country | Moody's | S&P | Fitch | DBRS | Scope Ratings |
|---|---|---|---|---|---|
A2 Stable | A- Stable | A+ Stable | A (high) Stable | A+ Stable |
Credit Rating History
Country | Date of Change | Rating Agency | Previous Rating | Previous Outlook | Current Rating | Current Outlook |
|---|---|---|---|---|---|---|
| Nov 18, 2022 | Moody's | A2 | Negative | A2 | Stable | |
| Aug 06, 2021 | Moody's | A2 | Stable | A2 | Negative | |
| Apr 17, 2020 | Fitch | A+ | Positive | A+ | Stable | |
| Mar 13, 2020 | S&P | A- | Positive | A- | Stable | |
| Jul 19, 2019 | Moody's | A3 | Positive | A2 | Stable | |
| Jul 12, 2019 | Fitch | A+ | Stable | A+ | Positive | |
| Nov 09, 2018 | Scope Ratings | NR | A+ | Stable | ||
| Feb 23, 2018 | DBRS | A | Positive | A (high) | Stable | |
| Feb 23, 2018 | Moody's | A3 | Stable | A3 | Positive | |
| Sep 29, 2017 | S&P | A- | Stable | A- | Positive | |
| Aug 25, 2017 | DBRS | A | Stable | A | Positive | |
| Aug 11, 2017 | Fitch | A | Positive | A+ | Stable | |
| Oct 14, 2016 | S&P | BBB+ | Positive | A- | Stable | |
| Aug 19, 2016 | Fitch | A | Stable | A | Positive | |
| Jul 10, 2015 | S&P | BBB+ | Stable | BBB+ | Positive | |
| Apr 03, 2015 | DBRS | NR | A | Stable | ||
| Oct 04, 2013 | Moody's | A3 | Negative | A3 | Stable | |
| Sep 20, 2013 | Fitch | A+ | Stable | A | Stable | |
| Jan 16, 2013 | S&P | A- | Negative | BBB+ | Stable | |
| Feb 13, 2012 | Moody's | A2 | Negative | A3 | Negative |
Table Key
| Grade | Moody's | S&P | Fitch | DBRS | Scope Ratings |
|---|---|---|---|---|---|
Prime | Aaa | AAA | AAA | AAA | AAA |
High Grade | Aa1 | AA+ | AA+ | AA (high) | AA+ |
Aa2 | AA | AA | AA | AA | |
Aa3 | AA- | AA- | AA (low) | AA- | |
Upper Medium Grade | A1 | A+ | A+ | A (high) | A+ |
A2 | A | A | A | A | |
A3 | A- | A- | A (low) | A- | |
Lower Medium Grade | Baa1 | BBB+ | BBB+ | BBB (high) | BBB+ |
Baa2 | BBB | BBB | BBB | BBB | |
Baa3 | BBB- | BBB- | BBB (low) | BBB- | |
Non-investment Grade Speculative | Ba1 | BB+ | BB+ | BB (high) | BB+ |
Ba2 | BB | BB | BB | BB | |
Ba3 | BB- | BB- | BB (low) | BB- | |
Highly Speculative Grade | B1 | B+ | B+ | B (high) | B+ |
B2 | B | B | B | B | |
B3 | B- | B- | B (low) | B- | |
Substantial Risk Grade | Caa1 | CCC+ | CCC+ | CCC | |
Caa2 | CCC | CCC | CCC | CCC | |
Caa3 | CCC- | CCC- | CCC | ||
Extremely Speculative Grade | Ca | CC | CC | CCC | CC |
C | CCC | C | |||
In Default with Little Prospect for Recovery | CD | RD | RD | ||
In Default | SD | SD | |||
C | D | D | D | D | |
DD | DD | ||||
DDD | DDD | ||||
Not Rated | NR | NR | NR | NR | NR |
FAQ
What is Malta’s current credit rating?
Malta’s sovereign credit rating reflects its government’s ability and willingness to meet debt obligations. It is assigned by major agencies such as S&P, Moody’s, Fitch, DBRS, and Scope, and represents how international markets view Malta’s credit risk.
Has Malta’s credit rating changed recently?
This page lists the latest rating and outlook actions for Malta, showing when each agency last reviewed or changed its assessment.
Why does Malta’s credit rating matter to investors?
Ratings directly affect borrowing costs, investor confidence, and market access. Changes can influence Malta's bond yields, currency, and equity flows as investors reassess risk.
How does Malta’s rating compare to other countries?
You can explore how Malta ranks globally using our Credit Ratings Hub, which displays all countries’ ratings from S&P, Moody’s, Fitch, DBRS, and Scope.
What do outlooks like Positive, Stable, and Negative mean?
They indicate the expected direction of a rating. Positive signals a possible upgrade, Stable means no change is likely, and Negative points to potential downgrade risk
What is the difference between investment grade and speculative grade?
Investment grade (BBB−/Baa3 or higher) means relatively low risk and steady market access. A speculative grade (BB+/Ba1 or lower) signals higher risk and volatility, but can attract yield-seeking investors.
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