S&P gets positive on Albania

S&P said it changed its outlook on Albania to positive from stable and affirmed its B+ sovereign ratings.

“The positive outlook reflects our view that the sovereign's fiscal metrics will improve beyond our expectation over the next 12 months, through government efforts to consolidate public finances. Furthermore, despite a slowdown in the country's primary trading partner, the E.U., we anticipate that Albania's external metrics could improve more than expected as the global economy recovers and the Albanian tourism sector continues expanding,” the agency said in a press release.

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