Ohrid, 19th October 2012 (MIA) – Affirmation of the credit rating of Macedonia by Fitch, according to Vice Prime Minister and Minister of Finance, Zoran Stavreski is a clear signal to investors that Republic of Macedonia is a stable country with quality economic policies and that it will enable us to have relatively better conditions and lower interest rates on the capital market.

 

Affirmation is significant from two aspects: First, it sends a clear signal to investors that Republic of Macedonia is a stable country with quality economic policies and second, our future contacts with the banks on the capital market will provide for relatively better conditions and lower interest rates, since there are only few countries, which in such circumstances in Europe have their credit rating affirmed by Fitch or Standard and Poor’s, Minister Stavreski said, adding that, in the last two months, four-five countries in the region have their credit rating reduced, being assessed as more risky ones.

According to him, affirming the credit rating of Macedonia in such circumstances and underlining the low level of indebtedness, low budget deficit, quality economic policies, stable financial sector and inflow of foreign investments as potential for economic growth are conclusions by renowned credit rating institutions, positioning Macedonia at a much higher place than many countries in the region.
 

Fitch Agency affirmed the credit rating of Macedonia at BB+.

Also available in: Macedonian

Comments are closed.

Close Search Window