Moody’s stabilizes Malta view

Moody’s Investors Service said it revised its outlook for Malta and Freeport Terminal (Malta) Ltd. to stable from negative and affirmed their A2 ratings, including those on Freeport’s $250 million of unsecured notes due 2028. Malta guarantees the notes.

The drivers for the revised outlook are the forecasted expansion in Malta’s real GDP by 6%, relatively low inflation and Malta's removal from the Financial Action Task Force's gray list reflects the commitment to institutional reforms, the agency said.

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