Moody’s keeps Albania’s rating at B1, while praising budget
Moody’s credit assessment agency has kept unchanged the rating for Albania in B1 with a sustainable perspective, thus confirming the same rating.
The decision was also accompanied by the periodic credit assessment report for Albania, which SCAN has exclusively seen.
All grades and ratings for the four key pillars of the credit profile remain unchanged compared to the previous report.
Projections, as it became public even in the figures published on November 29, have been revised in positive territory.
The novelty of the new report remains the positive assessment of next year’s budget.
One of the points that is positively assessed is that of the set limit of 40% of Gross Domestic Product over the total of projects that can be contracted through the Public Private Partnership Scheme.
“This is a positive development that will help prevent the unplanned expansion of public liabilities in the coming year,” writes Moody’s.
But among the lines it is said that the budget is based on an economic growth of 4.2%, which is quite optimistic.
As far as politics is concerned, the agency underlines that “despite the fact that the polarization that characterizes Albania is hard to disappear, the inter-party consensus to continue on the common EU path will continue to serve as a political anchor despite the delays that have been prompted by politics itself.”
*Material i përgatitur nga portali SCAN. Ripublikimi mund të bëhet vetëm kundrejt citimit të autorësisë dhe burimit origjinal.