FLASH
Shkruar nga Pamfleti
The international credit rating agency, Standard & Poor's Global Ratings, has reaffirmed Albania's long-term rating of "BB", while also maintaining the "stable" outlook. This decision, although read by the government as a positive signal, does not essentially represent an improvement in the country's financial position in international markets.
According to the published report, the “BB” rating is based on several macroeconomic stability factors, including fiscal discipline, sufficient foreign exchange reserves and sustained growth in household consumption. Standard & Poor's forecasts economic growth of 3.6% for 2025 and an annual average of 3.5% for the period 2026–2028, driven mainly by wage growth and domestic consumption.
On public finances, the report highlights that the government is expected to maintain prudent fiscal policies after the parliamentary elections, with a deficit projected to remain at around 2% of GDP. Public debt is expected to gradually decline to 51% of GDP by 2028, however, the agency considers this a slow decline compared to other countries in the region.
A long-term influential element remains the process of accession to the European Union and the private investment flows associated with it, which are considered as an “additional guarantee” for the country’s economic stability. S&P underlines that prudent debt management, efficient use of resources and preservation of financial stability will be the main determinants to maintain this rating level in the future.
In other words; Albania has not advanced in the rating, but has not risked a decline either. A signal that raises questions about the real effectiveness of the Rama government's policies on the domestic economy and the country's international financial image.
Lini një Përgjigje