Vice Premier and Finance Minister Zoran Stavreski said Thursday that the latest Fitch credit rating for Macedonia, assessed as stable with positive foreign and local currency outlook represents a confirmation of the country's sound macroeconomic policies, but also a strong signal for foreign investors.

"Macedonia's latest rating is another confirmation that the country's macroeconomic foundations and policies are sound, differing from the ones in neighboring countries, Greece and other European states, which are faced with real problems", said FinMin Stavreski.

He added that the main reason for confirmation of the credit rating as stable was the sound fiscal policy, low level of budget deficit and low government debt, sound banking sector, country's economic growth.

According to Stavreski, this represents another strong signal for foreign investors that Macedonia is trustworthy country.

"This confirmation comes at a time when Fitch has downgraded the ratings of over ten European countries, including Spain, Portugal, Slovenia, Croatia, Ireland etc. I believe investors will continue to have confidence in our country", he emphasized.

Stavreski also said the credit rating confirmation would assist in the future attraction of outside funds.

"With regards to this assessment and the recent Doing Business results, there are good prospects that Macedonia acquires funds at more favorable conditions compared to other countries", added the FinMin.

International agency Fitch Ratings affirmed yesterday Macedonia's fiscal stability by retaining its BB+ credit rating. The country is awarded with positive foreign and local currency outlook