International credit rating agency Moodys changed its investment assessment for Malta from stable to positive in the recent days. Cyprus received the same assessment, after the European Commission and European Central Bank’s convergence reports giving the two islands the go ahead to join the eurozone in 2008.
In a notification the agency also said that it will be revising ceilings for foreign currency deposits in Malta.
Deputy President Tristan Cooper in the agency’s office in London said that it considers European Union (EU) states joining the euro as a positive step towards eliminating risks of currency crises.
