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Macedonia’s credit rating downgraded from BB+ to BB

The ratings agency “Fitch” has downgraded Macedonia’s credit rating from BB+ to BB, reported “Reuters”. The downgrade of the country’s credit rating according to “Reuters” is because of the recent increase in allegations of corruption, this was confirmed by “Fitch” in their words it was due to “shortcomings in the standards of good governance”. Furthermore, another reason for the downgrade in...