- Language: English
- Published: November 2012
Macedonia (Republic of) Mar 10
- Published: March 2010
- Standard & Poors
EU candidate status provides an anchor for reforms and political stability. Moderate government debt burden and fiscal deficit targets. Moderate, albeit rising external indebtedness. Persistent structural rigidities, notably high unemployment, which weigh on economic performance. Inflexible general government expenditure structure and inefficient social security system that pose a risk to fiscal prudence Vulnerable external position due to a high current account deficit and reduced availability of external financing. Latent risk of inter-ethnic tensions. The ratings on the Republic of Macedonia reflect the sovereign's moderate general government deficit targets and debt burden (although the latter is increasing); EU accession prospects that support reforms to improve economic and political stability; and moderate external indebtedness. The ratings also reflect a weak but improving...
Companies mentioned in this report are: Macedonia (Republic of)
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
SHOW LESS READ MORE >
Macedonia (Republic of)
|Electronic||The report will be emailed to you.|