Veles, 1st November 2014 (MIA) – The most renowned credit rating agency Standard and Poor’s has affirmed Republic of Macedonia’s rating.

According to Deputy Prime Minister and Minister of Finance, Zoran Stavreski, this is an excellent news, since while many countries have been reduced their ratings by Standard and Poor’s, Republic of Macedonia has been affirmed its ratings with stable outlook several years in a row already.

– This is an indicator and a proof for the investors, since investment banks and investors in the real sector monitor all these ratings and developments, and this is a confirmation for them that the country is on the right track, Stavreski pointed out, at the ceremony of awarding the decisions on write-off of the debts of the citizens falling within the most vulnerable categories in Veles.

Standard and Poor’s has affirmed Macedonia’s ratings on the basis of the high economic growth achieved and projected to be achieved by the country. This year, S&P reduced the credit rating of Slovenia, Croatia, Turkey, Russia and Serbia.

Also available in: Macedonian

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