Moody's moves Malta view to negative

Moody's Investors Service said it affirmed the government of Malta's long-term issuer and senior unsecured ratings at A2 and changed the outlook to negative from stable.

Moody's also affirmed the backed senior unsecured debt rating of Freeport Terminal (Malta) Ltd. at A2, while also changing the outlook to negative from stable on that rating, in line with the sovereign's ratings. The rated senior debt instruments issued by Freeport Terminal are backed by guarantees from the Maltese government.

Malta’s increased government debt, the risks to the country’s tourism sector and its impact on the economy and the addition of Malta being added to Financial Action Task Force’s gray list on anti-money laundering concerns drove the outlook change, the agency said.

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