Moody’s Investors Service to evaluate Albania’s public debt
Banking & Finance Wednesday, November 8th, 2006Tirana, Nov 8 (AE) – Albanian Government will be expecting to receive its first ratings about the country’s public debt in March 2007. “We expect that Moody’s Investors Service will give us an evaluation for the quality of short and long term public debt”, a well informed source at the Ministry of Finance reported for AEnews.
Ministry of Finance would like to expand its fund borrowing possibilities in the international market by declaring that it would like to issue government bonds in foreign currencies, in order to finance the infrastructure projects and to extend the average maturity time. Currently, the Ministry of Finance is the sole bond issuer in the country. Internal debt denominated in local currency LEK is estimated at LEK 200 billion (about USD 2 billion).
“We expect that the Albanian debt rating would be more positive that other countries in Balkans, because Albania has the strongest budget balance, a low public debt and a strong currency”, – the source said.
Short URL: http://www.albanianeconomy.com/news/?p=179
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on Nov 8 2006. Filed under Banking & Finance.
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