Fitch Ratings has revised the Outlook on Andorra’s Long-term Issuer Default Rating (IDR) to Positive from Stable. The Long-Term IDR is affirmed at ‘BBB’. Fitch has also affirmed the Short-Term IDR at ‘F3’ and the Country Ceiling at ‘A-‘, reports the agency.More
The Head of Government of Andorra Antoni Martí signed a decree, according to which financial companies and banks in Andorra will keep their accounting in accordance with International Financial Reporting Standards (IFRS). The corresponding initiative was announced by the Minister of Finance Jordi Cinca.
The decree comes into force on 1st January 2017 and supersedes the …More