Fitch affirms Croatia s credit rating at BBB- , outlook stable Fitch (Author: fitchratings.com) License: all rights reserved.
ZAGREB (Croatia), May 25 (SeeNews) - Fitch Ratings said it affirmed Croatia s long-term foreign-currency Issuer Default Rating (IDR) at BBB- with a stable outlook.
Fitch sees Croatia s economy growing by 5.5% in 2021, subject to the expected recovery of the tourism sector by at around two-thirds of its pre-pandemic level, it said in a statement last week.
The global ratings agency also said: KEY RATING DRIVERS
Croatia s ratings balance strong structural features, including higher human development, governance indicators and GDP per capita than peers, with high public sector debt and a record of low GDP growth, partly due to the slow adoption of structural reforms. The Stable Outlook weighs large short-term downside risks related to pandemic developments against stronger medium-term growth prospects linked to substantial EU fund supp
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Scope Ratings revises Romania s outlook to stable from negative, affirms ratings at BBB- Romania ratings Author (SeeNews Wire) License: all rights reserved.
BUCHAREST (Romania), May 17 (SeeNews) - Berlin-based privately-held rating agency Scope Ratings said it has affirmed Romania’s long-term issuer and senior unsecured debt ratings at BBB- in both local and foreign currency and revised the outlooks to stable from negative.
Fiscal consolidation reforms and enhanced political stability drive the outlook change while structural budget and current account deficits remain core ratings challenges, Scope Ratings said in a press release on Friday.
The short-term issuer ratings were affirmed at S-2 in both local and foreign currency, and the outlook revised to stable from negative.
Politicians and the press: Ten years after Leveson we investigate whether they are still too close
Ten years since the Leveson Inquiry uncovered some rather cosy texts between David Cameron and the chief executive of arguably the country’s most powerful news publisher, the question of whether the press and politicians are “too close” remains a thorny one.
The former prime minister’s leaked messages to Rebekah Brooks, who continues to head up Rupert Murdoch’s UK news business, revealed an apparently close friendship, but when it comes to the relationship between senior politicians and journalists, has much changed?
When Leveson published his report in 2012, he said that for 30 years or more politicians “have had or developed too close a relationship with the press in a way which has not been in the public interest”, although he added that “close relationships, including personal friendships” were “not in themselves any cause for surprise or concern”.
In the 2014 Scottish referendum, Alex Salmond promised voters national independence. What he actually offered them was a confederated union nested in a wider European confederal structure. This new Scotland would have remained within the UK’s monetary and monarchical unions as well as in its Common Travel Area with Ireland. By acquiring EU membership, as Salmond promised, an independent Scotland would also have stayed in a single market and customs union with the rest of the United Kingdom (referred to in Scotland as rUK). This model would theoretically mean that Scottish voters would avoid being outvoted by their English counterparts in UK general elections to determine who would exercise the powers hitherto reserved for Westminster, including the fiscal regime for the Scottish oil and gas industry. After appearing to have this prize in its grasp, the SNP fell short in 2014 because the UK government insisted that monetary union inside the UK would be unobtainable. When the ball
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