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Note that DRBS upgraded the rating of.......>

RATINGS
RATINGS: Note that DRBS upgraded the rating of Malta on Friday to A (high) from
A. DBRS writes "Malta is expected to have exceeded its fiscal objective again in
2017, resulting in a faster-than-expected fall in its public debt ratio to 53.6%
of GDP. The rating upgrade reflects our view that Malta's debt trajectory has
improved significantly due to more favourable growth prospects and stronger
primary balances in coming years. The debt-to-GDP ratio is now forecast to fall
to 41.2% by 2022, almost seven percentage points less than previously
anticipated."

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