The PN is trying to fault government for this downgrade. That's a joke.
Firstly there is pretty little any government can do in the first six months in so far as ratings are concerned for which it should seek credit or suffer fault. A rating event does not happen overnight. It reflects past events often with a considerable time lag.
Secondly Fitch's decison is a partial catch up to decisons taken by Moody's and S & P under previous government.
An A rating by Fitch is equivalent to an A rating by S & P and A2 by Moody's. But Moody's downgraded Malta's rating to A3 ( one notch lower than A2) as far back as 13.02.2012. S & P downgraded Malta to BBB+ two grades below A) since 16.01.2013.
So Fitch's downgrade to A is still one grade above Moodys' and two grade above S&P and both Moody's and S & P ratings were earned under a PN government.
So what are the PN talking about?
For those who want to understand the comparative table of ratings :
Credit rating tier