“Standard & Poor's” Confirms Credit Rating for Macedonia in BB-/B, Prospects Remain Stable

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The credit rating agency “S&P Global Ratings” has confirmed the sovereign long-term and short-term credit ratings of Macedonia in “BB-/B”, with a stable outlook, the agency announced. The decision, according to “S&P”, is based on the assessment that the economic outlook, the moderate level of debt public and manageable costs for its service largely offset the risks associated with high budget deficits.” We expect large infrastructure projects an…

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The international credit rating agency Standard&Purs confirmed the credit rating of North Macedonia "BB-" with a "stable outlook", the Ministry of Finance of North Macedonia announced today. The agency estimates that "prospects for economic growth, moderate levels of public debt and sustainable debt servicing costs mitigate the risks associated with high fiscal deficits," reports Beta. The Ministry adds...