Tirana, February 8, 2016
Albania’s position in the Standard and Poor’s ranking has improved to B+, regarding the government’s efforts in managing the public debt. Standard and Poor’s says Albania is improving steadily and this positive shift in ranking reflects the expectations this financial institution has regarding the country’s fiscal performance in the four coming years.
In an official press release, Standard and Poor’s says: “We believe that Albania’s fiscal deficit trajectory is declining and in the four next years we predict the public debt will reduce from 70% to 60% of the GDP.”
The Albanian government is working closely with the International Monetary Fund for the reduction of the public debt within the four next years by applying a package of measures.
Country’s public debt has reached 70%, a record and concerning increase of the debt in the past years.
- Standard & Poor’s: The energy reform resulted successful and increased revenues
- Standard and Poor’s credit rating for Albania stands at B/B