Credit rating agency Moody's praised Malta's economic performance saying Malta's economy is going forward, the government said in a statement. Moody's highlights higher domestic consumption and last year's good export performance, as well as major government reforms in the energy sector and labour market, to keep improving Malta's performance as it reaffirms Malta's A3 credit rating. "The Moody's report confirms the government fiscal and economic policy is taking Malta in the right direction. The overall sentiment in the country is one of optimism. Our policies are trickling down and being felt at every level of society. This is confirmed by Moody's highlighting of higher domestic consumption, which confirms we are making a positive difference in people's lives," said Finance Minister Edward Scicluna.