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For the first time, Kosovo receives a credit rating

2024-04-20 15:14:00, Kosova & Bota CNA

For the first time, Kosovo receives a credit rating

The Ministry of Finance, Labor and Transfers of Kosovo announced that the international agency Fitch Ratings has given credit rating 'BB-' for Kosovo.

Credit rating measures the ability of the Government to repay its debts.

"This credit rating will serve as a passport to Kosovo for any foreign investor who is interested in seeing if it is worth investing in our country. It will also affect the reduction of the cost of financing, which will consequently have more opportunities for financing for our businesses", said the Minister of Finance, Hekuran Murati, through a video statement published on Facebook.

This is the first time that a credit rating has been published for Kosovo.

According to the Ministry of Finance, this also "takes into account the sustainability of fiscal policies, the public debt, the deficit, economic growth, the banking sector, and the quality of governance, among others."

In the credit assessment, many economic, financial, institutional and political factors are taken into account, therefore it shows whether the state has economic and financial stability.

"This credit rating places Kosovo on the world map of serious states with stable policies, thus further strengthening the country's position and recognition in the international arena," said the Ministry of Finance.

The Credit Rating for Kosovo is supported by the US Agency for International Development (USAID)./REL 

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