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Financials

BRIEF-S&P -Malta long-term ratings raised to 'A-' on strong economic growth outlook stable

Oct 14 (Reuters) - S&P:

* S&P-Malta long-term ratings raised to ‘a-’ on strong economic growth; outlook stable

* S&P on Malta- Economy will expand in real terms by 3% year on average in 2016-2019

* S&P on Malta- “economy is exposed to potential external shocks, largest being possible disruption to trade, financial markets from U.K. brexit”

* S&P on Malta-outllok reflects view that upside potential of malta’s economic,fiscal performance is balanced by downside risks related to brexit

* S&P on Malta- we consider the financial services industry to be sufficiently diversified to contain the risks related to brexit Source text : [bit.ly/2dZuUGy]

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