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REDUCED CREDIT RAT- IMF: SYRIA WILL FLASH WORLD
ING OF THE UNITED NEED MORE THAN
KINGDOM SYMANTEC BUYS
20 YEARS FOR BLUE COAT
RECONSTRUCTION
The Agency Standard & Poor‘s As a consequence of the five- The American backup software
reduced the credit rating of year civil war in Syria, the social manufacturer Symantec Corp
the United Kingdom from the economic and human potential will buy Blue Coat for 4.7 billion
highest “AAA” for as much as has been set back for several dollars, in order to strengthen its
two levels, to “AA”. Thereby the decades, it was indicated in position in the segment company
agency warned about a possible a Report of the International software protection. Symantec
further reduction of the rating. Monetary Fund. According to produces the software for virus
Fitch Ratings, on the other hand, the report, Syria’s GDP is now protection Norton, and currently
reduced the British rating for half of the pre-war level, and it is limited to protection of
one level, from “АА+” to “АА”, it will need at least 20 years email and final points of the
also warning about a possible for reconstruction, probably information systems, hence
future reduction. Standard even more. The inflation in the software of Blue Coat that
& Poor’s announced that the the country has two digits, the protects the entry Internet-
result from the referendum national currency devalued, portals of the companies would
could lead to worsening of the the state debt increased more complete its offer for the large
economic situation in the United than double. The population companies, stated the company’s
Kingdom, including its large that was approximately 22 representatives. “Blue Coat
financial sector. In addition, the million in 2010, has reduced by is oriented towards Internet
decision to leave the EU could approximately 20 percent, and solutions and these are intended
lead to lower predictability, most of them are internally and for protection against threats on
stability and efficiency of the externally displaced. According the Internet, which in combination
political framework in the to the United Nations, more with our existing offer, would
country, recommend from the than 250,000 people have ensure better protection of our
Agency. Fitch Ratings in its been killed in the fights, and clients.”, stated the President of
announcement recommend more than 800,000 have been the Administration and business
that they expect sharp slowdown wounded. The number of director of “Symantec”, Ajei
of the British economy. Hence, refugees in February in Iraq, Gopal. After the acquisition
now they estimate that the Jordan, Lebanon, and Turkey is of “Blue Coat”, “Symantec”
GDP there in 2017 and in 2018 approximately 4.7 million, and will generate 62 percent of the
will grow with a rate of only by the end of 2015 approximately market in the segment company
0.9 percent, while previously 900,000 Syrians requested protection, realizing a total
a growth of 2 percent was asylum in the EU. According to income of 4.4 billion dollars per
expected. the indications in IMF’s report, year.
there are 7.6 displaced people
in the country, while millions
of people have no job and live in
misery.
July-August 2016 Miroslav Sazdovski
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