Standard & Poor's: Albania with a Stable Economy, Elections a Risk
Albanian Daily News
Published August 7, 2016

International Finance Giant "Standard &
Poor's" confirmed on Sunday the note B+ for the credit rating for Albania with
stable outlook and moody's credit rating with B1 with stable outlook.



"In general, a credit rating is used by
sovereign wealth funds, pension funds and other investors to gauge the credit
worthiness of Albania thus having a big impact on the country's borrowing costs,"
declared this agency.



According to "Standard and Poor's" the
risk from high debt is softened by the agreement with the International
Monetary Fund (IMF), and the average term extension of this debt repayment.



"We expect that the public debt decreases to
62% of national output, up from 72% in 2015," said this agency.



It predicts that economic growth will continue to
improve and may be 3.7 percent on average in the next 4 years.



The imminent danger, according to the "Standard
and Poor's" remains the parliamentary elections, but the government is
better positioned than in 2013 to cope with rising budget deficit.





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