Regional Ratings: EU Benefits Spread

It has been a busy year for south-east European ratings, with agency coverage being initiated on Macedonia, Serbia and Bosnia. Over the long-term, the potential for upward revisions exists. First, the EU's commitment to the region is likely to grow. Already a large donor and involved in security operations, a European Union of 28 members will have a large external frontier will these countries. Encouraging economic growth and stability will be within the bloc's interest. Second, EU-based firms are increasingly enthusiastic about the prospect of investing in the region. With the privatisation process nearing completion in CEE, focus is centring

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