Standard & Poor's has maintained Malta's sovereign credit rating at A-, but has raised the outlook to positive from stable.

S&P says that the outlook on Malta was revised to positive on strong growth prospects. They said that the outlook revision reflects their expectation that Malta's economy will continue its strong cyclical expansion‍​.

"The positive outlook reflects that we could raise ratings on Malta over next 24 months if economic growth remains in line with our expectations‍​," S&P said, while adding that the Malta ratings are supported by strong growth performance, with consistent current account surpluses, and by narrowing government deficits.