| Issuer/Entity | Kumanovo, Municipality of | | Long Term Rtg | B1 | | Long Term Watch | Not on Watch | | Outlook | Stable | | ST Issuer Level Rtg | |
| Industry | | | Domicile | MACEDONIA |
|
| Issuer/Entity | Ilinden, Municipality of | | Long Term Rtg | B2 | | Long Term Watch | Not on Watch | | Outlook | Stable | | ST Issuer Level Rtg | |
| Industry | | | Domicile | MACEDONIA |
|
| Issuer/Entity | Eurostandard Bank | | Long Term Rtg | | | Long Term Watch | | | Outlook | | | ST Issuer Level Rtg | |
| Industry | | | Domicile | MACEDONIA |
|
| Issuer/Entity | Gostivar, Municipality of | | Long Term Rtg | B1 | | Long Term Watch | Not on Watch | | Outlook | Stable | | ST Issuer Level Rtg | |
| Industry | | | Domicile | MACEDONIA |
|
| Issuer/Entity | Veles, Municipality of | | Long Term Rtg | B1 | | Long Term Watch | Not on Watch | | Outlook | Stable | | ST Issuer Level Rtg | |
| Industry | | | Domicile | MACEDONIA |
|
| Issuer/Entity | Gevgelija, Municipality of | | Long Term Rtg | B1 | | Long Term Watch | Not on Watch | | Outlook | Stable | | ST Issuer Level Rtg | |
| Industry | | | Domicile | MACEDONIA |
|
| Issuer/Entity | Strumica, Municipality of | | Long Term Rtg | B1 | | Long Term Watch | Not on Watch | | Outlook | Stable | | ST Issuer Level Rtg | |
| Industry | | | Domicile | MACEDONIA |
|
| Issuer/Entity | Stip, Municipality of | | Long Term Rtg | B1 | | Long Term Watch | Not on Watch | | Outlook | Stable | | ST Issuer Level Rtg | |
| Industry | | | Domicile | MACEDONIA |
|