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TIRANA, Oct. 22 (Xinhua) -- The latest evaluation report of Standard and Poor's (S&P) credit rating agency underlined the successful reform in Albania's energy sector, Albanian Ministry of Energy and Industry said on Thursday.
The S&P report said among the reforms being conducted by the Albanian government, the energy sector reform has been particularly successful, already resulting in increasing collection of revenues and reducing this sector's pressure on the state budget.
S&P confirmed the B/B credit rating for Albania regarding the long-term loans in the Albanian currency Lek and in foreign currency.
"Albania sovereign credit rating remains largely unaffected. The positive opinion of the credit rating agency reflects growing potential in Albania's fiscal performance. Fiscal improvements will depend on the higher economic growth rates starting from 2015. At the same time, a slowdown in reforms momentum would hamper economic growth," the declaration read.
S&P expects big investments, mainly from hydropowers and the Trans-Adriatic Pipeline project for 2016-2018. Enditem
