Maltese Economy Receives A Grade From Morningstar DBRS

Share:

On Friday, April 12, 2024, global credit agency Morningstar DBRS published a press release. It was entitled Morningstar DBRS Confirms Republic of Malta at A (high), Stable Trend. In this article, we will discuss how this relates to the Maltese economy.

Stability Is the Key With the Maltese Economy

The A grade refers to Malta’s Long-Term Foreign and Local Currency – Issuer Ratings at A. This is high praise indeed. Morningstar DBRS simultaneously affirmed Malta’s Short-Term Foreign and Local Currency – Issuer Ratings at R-1 (middle).

As the credit agency explains, “the trend on all ratings is Stable.” The Maltese economy has demonstrated bouncebackability from Covid. Where real GDP grew by 3.3% in the Eurozone from 2019 to 2023, it expanded by 18% in Malta.

Malta’s key industries are tourism, professional services, information and communication, gambling, and trade. Morningstar DBRS reveals that the Central Bank of Malta predicts real GDP to increase by 4.4% in 2024 and 3.6% in 2025. As a member of the European Union, Malta is stronger in rather than out.

Eurosmash

Although the wheels of economic advancement in Malta have slowed, they’re still moving faster than elsewhere in the Eurozone. So whilst real GDP decreased from 8.1% in 2022 to 5.6% in 2023, Malta continues to outperform European rivals. Overall, the Eurozone witnessed a mere 0.4% growth in 2023.

The View From RIF Trust

Our Malta Managing Partner Ryan Darmanin asserts that the news gives the Malta Permanent Residence Programme (MPRP) and Maltese Exceptional Investor Naturalization (MEIN) further prestige.

“There is a cachet attached to Malta,” explains Darmanin. “My island group is establishing itself as the destination of choice for holidaying HNWIs and it’s also an elite-level investment option.”

How to Invest in Maltese Citizenship or Residency

If you’re looking to obtain Residency or Citizenship by Investment in Malta, you’d best consult an investment migration specialist with local knowledge. With 50+ years of industry experience and a Malta office, RIF Trust is that investment migration specialist. So, don’t delay and contact us today.