Saturday, November 10, 2007

Macedonia's credit ratings remain stable

Credit ratings of Macedonia were not affected by lack of EU accession date, said Standard & Poor's, the world's foremost provider of credit ratings.

Standard & Poor's assigned a BB+ credit rating with a stable outlook to Macedonia's long-term debt in foreign currency, and a credit rating of BBB- with a stable outlook for short-term debt in domestic currency.

Factors constraining the ratings of Macedonia include structural rigidities and residual political tensions among political parties, Standard & Poor's said.

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