Albania fails to get S&P rating upgrade for fifth year in row

Tirana Times
By Tirana Times February 4, 2019 19:58

Albania fails to get S&P rating upgrade for fifth year in row

Story Highlights

  • U.S.-based Standard & Poor’s has reconfirmed Albania’s ‘B+/B’ long- and short-term sovereign credit ratings with a stable outlook, in a rating that remains unchanged for the fifth consecutive year, with not much impact on Albania’s debt servicing whose cost is expected to pick up on a hike in bond rates following a decade of easier monetary policy. In its latest rating, S&P, one of the ‘big three’ credit rating agencies, says “high public debt remains a key credit risk for Albania, although the debt burden continues to gradually shrink.”

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TIRANA, Feb. 4 – U.S.-based Standard & Poor’s has reconfirmed Albania’s ‘B+/B’ long- and short-term sovereign credit ratings with a stable outlook, in a rating that remains unchanged for the

Tirana Times
By Tirana Times February 4, 2019 19:58