Reputational damage but 'no immediate grey listing impact' on Malta ratings

Mark Battersby
clock • 3 min read

The Financial Action Task Force's (FATF) greylisting of Malta "highlights the risk of reputational damage, which could reduce investment" and "the effectiveness of the authorities' response will be important in assessing any potential credit impact", Fitch Ratings has warned in its latest assessment of the island. However, although FATF's decision confirmed structural weaknesses in Malta's anti-money laundering framework, it had no immediate impact on Malta's ratings or those of its domestic rated banks, the ratings agency said. "These weaknesses are captured in the ‘A+'/Stable sovere...

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