Standard and Poors back energy sector reforms

Friday, 17 Jan 2014, 09:44


Ratings agency Standard and Poor's has affirmed Malta's ratings at BBB+/A-2' with a stable outlook.

In a report today, it said the new government has started its legislative session with progress on a longstanding reform agenda, particularly in the energy sector.

Indications were that 2013 economic growth had exceeded expectations.

"The stable outlook balances our view of Malta's improving prospects for economic reform against its recurrent, albeit declining, fiscal imbalances and external data inconsistencies."

"Malta's government has made progress on energy sector reform, a key part of the ruling party's election promises. If progress can be maintained, it will support already-improving economic growth, which appears to have exceeded our previous expectations for 2013".

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Comments (1)

Censu W. Muscat

- Fri 17-Jan-2014, 13:02

A remarkable achievement by the Government under the guidance of PM Muscat.

Also a great thanks to Minister Konrad Mizzi.

Without any doubt a great political blow to the PN Opposition. But be sure that the PN will increase its efforts to undermine the work of the Lab. Gov. on behalf of the Maltese people.

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