Obbligazioni societarie HIGH YIELD e oltre, verso frontiere inesplorate - Vol. 2 (3 lettori)

waltermasoni

Caribbean Trader
Rating Action:
Moody's affirms Albania's B1 rating, maintains stable outlook

02 Aug 2019
London, 02 August 2019 -- Moody's Investors Service ("Moody's") has today affirmed the Government of Albania's B1 long-term foreign and local currency issuer ratings and the B1 foreign currency senior unsecured debt rating. The outlook remains stable.



The decision to affirm the ratings balances the following key rating factors:



(1) Favorable economic prospects constrained by persisting structural challenges and decelerating reform advances;



(2) Debt burden on a declining trajectory but still high relative to B-rated peers and rising contingent liabilities;



(3) Susceptibility to shock stemming from the country's banking system and large government gross financing requirements;



The decision to maintain the stable outlook reflects credit risks being broadly balanced. Albania's macroeconomic profile and debt metrics have overall improved, but the country remains vulnerable to domestic and external shocks as well as to weaker political commitment to reform.



Albania's long-term foreign currency bond and deposit ceilings remain unchanged at Ba2 and B2, respectively. The local currency bond and deposit ceilings remain unchanged at Baa3. The short-term foreign currency bond ceiling and short-term foreign currency deposit ceiling remain at Not Prime (NP).
 

bia06

Listen other's viewpoint avoid conflicts & wars.
Ci siamo evitati (per questo giro, almeno), l'agronomo che ci ha regalato SNS ad inizio 2013.

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Kristalina Georgieva, the Bulgarian chief executive of the World Bank, has been picked as Europe's choice to lead the IMF after a divisive 14-hour round of voting that split EU capitals and descended into fierce recriminations. After frantic phone call diplomacy in Berlin, Paris, The Hague and Madrid on Friday, Ms Georgieva narrowly won a head-to-head run-off against Jeroen Dijsselbloem, the Dutch former chair of the eurogroup of eurozone finance ministers. Ms Georgieva is now favourite to become the next head of the IMF when the fund’s governing board votes on candidates in early October. No other candidates from large emerging economies have declared their candidacy. Under a convention with the US, a European usually leads the IMF and an American national heads the World Bank. Finance ministries in Sweden and the Netherlands initially contested the result because Ms Georgieva failed to meet the complex thresholds set out under EU weighted-voting rules. In a secret ballot Ms Georgieva won the support of 56 per cent of the bloc’s 28 member states, representing 57 per cent of the population of the EU. Mr Dijsselbloem commanded the support of 44 and 43 per cent, respectively, a senior official told the FT. But Ms Georgieva failed to meet the 65 per cent population criterion, leading to challenges from Stockholm and The Hague. But, after two hours of debate over a conference call between ministers on Friday evening, Mr Dijsselbloem conceded defeat. “I congratulate Kristalina Georgieva with the outcome of today’s European votes. I wish her the utmost success”, Mr Dijsselbloem tweeted on Friday night.
 

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