Moody s affirms Albania at B1, outlook stable Source: The Institute of Financial Services Practitioners
TIRANA (Albania), May 25 (SeeNews) – Moody s Investors Service said it has affirmed Albania s B1 long-term foreign and local currency issuer ratings and the B1 foreign currency senior unsecured debt rating, with a stable outlook.
The credit ratings were affirmed given Albania s resilience to the coronavirus shock despite narrow economic base and persisting structural challenges, expectation that fiscal consolidation will resume post-pandemic and that fiscal risks will remain contained, as well as due to the country s moderate susceptibility to event risk, Moody s said in a statement last week.
S&P affirms N. Macedonia s foreign, local currency ratings gary yim/Shutterstock.com
SKOPJE (North Macedonia), February 22 (SeeNews) – Standard&Poor s said it has affirmed its BB-/B long-term and short-term foreign and local currency sovereign credit ratings on North Macedonia, with a stable outlook.
The ratings agency expects the country s economy to grow by 3.6% in 2021, whereas its current account and fiscal deficits are seen narrowing gradually by 2024 as net government debt rises to about 57% of GDP, it said in a statement last week.
S&P added it could lower North Macedonia s ratings if fiscal and current account deficits are higher than expected, net government debt continues to rise, external stress grows or the domestic financial system weakens materially.