Kosovo gets its first sovereign credit rating, LDK's Rukiqi: We have to worry about the BB- category.

Kosovo gets its first sovereign credit rating, LDK's Rukiqi: We have to worry about the BB- category.

Kosovo has taken an important step in the international financial market by receiving its first sovereign credit rating from the world-renowned rating agency, Fitch Ratings. This agency has praised Kosovo with credit marks placed at level 2B-, a signal of the country's importance in international arenas. However, Berat Rukiqi, official [...]

This agency has praised Kosovo with credit marks placed at level 2B-, a signal of the country's importance in international arenas.

However, Berat Rukiqi, official of the Democratic League of Kosovo (LDK), says the credit rating is truly good news for Kosovo, but there is no room for pride with an assessment in the BB- category.

The best credit rating for a country with sanctions cannot be expected, where war officials' conversations are daily, noting also a 5 billion-euro trade deficit and lack of serious investments in the country's economy. ”

For those who are not familiar with financial termiology, let's clear up a bit. “Credit assessment” for states in the BB- category, which has just been published for Kosovo, shows a higher risk for investors lending it.

State with an assessment “BB” is viewed as less reliable to return his debts because of his poor financial history, making him a more dangerous debtor.

In simpler metaphors, a mark “BB” is like a note below the average that a student can get in his book, which in this case is a grade 2-.

In this context, it translates into a warning signal to investors who may be interested in investing in Kosovo”, Rhuqi said.

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