(Bloomberg) -- Albania, the former communist nation
where a quarter of the population lives in poverty, received its
first credit rating, with Moody's Investors Service ranking the
country on a par with Ukraine, Indonesia and Jamaica.
The B1 rating is four steps below the investment-grade level
of Baa3 assigned to Balkan neighbors Croatia and Bulgaria. It
reflects Albania's journey from an ``isolated, administered''
system toward a market economy, New York-based Moody's analyst
Jonathan Schiffer wrote in a report published today.
Read more at Bloomberg Bonds News
where a quarter of the population lives in poverty, received its
first credit rating, with Moody's Investors Service ranking the
country on a par with Ukraine, Indonesia and Jamaica.
The B1 rating is four steps below the investment-grade level
of Baa3 assigned to Balkan neighbors Croatia and Bulgaria. It
reflects Albania's journey from an ``isolated, administered''
system toward a market economy, New York-based Moody's analyst
Jonathan Schiffer wrote in a report published today.
Read more at Bloomberg Bonds News
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