Standard&Poor's rating for Albania/ The Minister of Finance, Ervin Mete, reacts

2023-09-23 17:36:00, Aktualitet CNA

Standard&Poor's rating for Albania/ The Minister of Finance, Ervin

The Minister of Finance and Economy, Ervin Mete, has reacted after Albania has had an upward review based on the results of the international rating agency Standard&Poor's, from a "stable" to a "positive" perspective, confirming the B+ rating.

According to him, this is an indicator of strengthening the sustainability of public finances, prudent fiscal management and positive efforts in the pursuit of structural reforms and European integration.

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Good news is the upward revision of the international rating agency Standard&Poor's, from a "stable" to "positive" perspective, confirming the B+ rating.

This improvement of the assessment, after almost 7 years, serves banks and investors, as well as businesses inside and outside the country to assess Albania's creditworthiness, thus having an impact on reducing borrowing costs.

It is an indicator of strengthening the sustainability of public finances, prudent fiscal management and positive efforts in the pursuit of structural reforms and European integration.

This improvement increases Albania's position in the global financial markets and opens new opportunities for investment and economic development.

It also serves as a sign of confidence from the international community in the economic stability and growth potential of the Albanian economy./ CNA