A report published by Fitch Ratings and dated 16 April 2013 affirms Malta’s long-term foreign currency and local currency ratings at ‘A+’. Both ratings have a stable outlook.

Fitch Ratings suggests that “Malta’s differences from Cyprus far outweigh the similarities, and that Malta’s banking sector does not face the risks of Cyprus’ before its bail-out. Malta’s much smaller domestic banking sector, lower reliance on non-resident deposit funding, negligible ECB/ELA funding, stronger asset quality and capital buffers and more effective financial supervision make it fundamentally different. “