admin1 – November 3, 2014 – 2:41pm

Macedonia has retained its stable credit rating. The world-renowned credit rating agency Standard & Poor's has confirmed its previous BB- domestic and foreign currency credit rating for Macedonia, based on the country's moderate level of public and foreign debt and the expectation of an average economic growth rate of 3.4 percent of GDP, thanks to the stable FDI influx. This is seen as a good signal to foreign and domestic investors.

According to Finance Minister Zoran Stavreski, this is excellent news because Macedonia's stable rating has been confirmed for several years in a row, as opposed to the credit ratings of many other countries, which have been lowered.

"The investment banks and the real sector investors follow these ratings and these movements and to them this is confirmation that the country is going in the right direction," Minister Stavreski said.

A positive assessment of Macedonia's credit rating has recently been issued by the Fritsch agency as well and another confirmation for the country's stability came when Macedonia issued a Eurobond at an interest rate of 3.9 percent, the lowest rate at which a country in the region has ever borrowed.