Skopje, 6 April 2026 (MIA) - Standard & Poor's and Fitch agencies have affirmed the country's stable credit profile in their semi-annual reviews, the Ministry of Finance said. Standard & Poor's, it adds, has conducted a regular semi-annual review of North Macedonia's credit rating, as part of its sovereign ratings calendar for the EMEA (Europe, Middle East and Africa) region.

"This is a standard procedure in accordance with European regulations, during which an assessment is made of current economic and fiscal indicators, as well as market developments. No new research update has been published within this semi-annual review, which indicates that the key factors affecting the country's credit rating remain unchanged," reads the press release. 

In addition, it notes, last month Fitch conducted a regular review of the country's credit rating, with the outcome of the review being "Review – No Action", i.e. there is no change to the current credit rating and no separate report will be published.

"Thus, the two agencies affirm the stable credit profile of the Republic of Macedonia, with unchanged key factors affecting the rating. Within the latest published reports, Standard & Poor's maintained the country's credit rating at "BB-" with a stable outlook, while Fitch affirmed the credit rating at "BB+" with a stable outlook," the Finance Ministry pointed out. 

According to the Ministry, this is a clear signal of the stability of macroeconomic policies, the moderate level of public debt and the ability of the state to regularly and timely service its financial obligations. Also, the Ministry adds, it indicates continuity in the implementation of economic policies and the resilience of the economy amid conditions of increased global uncertainty.

According to the agencies, economic growth is supported by increased public investments, especially in infrastructure projects, as well as by the growth of household consumption.

"The affirmation of the ratings by the two leading international credit agencies is a significant signal of trust in the economic policies and encouragement for ensuring the continuity of reforms, in order to ensure sustainable economic growth and a better standard of living for citizens," said Finance Minister Gordana Dimitrieska Kochoska.

The credit rating is an important indicator for investors and international financial markets, as it reflects the level of risk and trust in the economic policies of the state.

Photo: Ministry of Finance