Albania, Government of -- Moody's: Albania's fiscal consolidation efforts and achievement of EU candidate status support creditworthiness

New York, October 21, 2014 -- The Albanian government's fiscal consolidation and arrear repayment measures under its three-year extended arrangement with the International Monetary Fund (IMF) counterbalance the country's sharp deterioration in fiscal strength in the run-up to the June 2013 elections, says Moody's Investors Service in its annual credit analysis report on the country. The new measures offer a significant initial response to the decline in fiscal strength, especially with respect to revenue generation where Albania continues to perform below regional peers. Moody's rates Albania B1 with a stable outlook.

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