International ratings agency Standard and Poor's has raised Romania's credit outlook to positive from stable, the Rompres news agency reported Tuesday
Published:
2 February 2005 y., Wednesday
International ratings agency Standard and Poor's has raised Romania's credit outlook to positive from stable, the Rompres news agency reported Tuesday.
Standard and Poor's said the upgrade was due to increased confidence in the willingness and ability of the new center-right government to combat corruption and to institute reforms required for European Union membership in 2007.
The ratings agency also affirmed Romania's A-3 short term and BBB- long term local currency rating. Its long and short term foreign currency ratings stand at BB+ and B, in that order.
Romania hopes to gain an upgrade in its long term foreign currency rating to investment grade within the year.
Analysts say Romania is likely to be admitted to the European Union on schedule, but say the government will have to work hard to reduce corruption in the judiciary and the public administration system.
Šaltinis:
Big News Network.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Romanian business delegation from the energy sector will be visiting India in March to explore possibilities of investment in refineries, oil and gas fields.
more »
A U.S. bankruptcy judge on Thursday dealt a blow to Yukos’ bankruptcy case, ruling the embattled Russian oil company cannot seek information about whether oil monopoly Gazprom illegally took part in the sale of Yukos’ main oil producing unit
more »
Russian Agricultural Minister Alexei Gordeyev said on Saturday that Russia intends to promote production of its agrarian companies to the EU market
more »
Security company wins contract with Austrian banks
more »
Deutsche Bank AG wants to expand its Russian banking operations and is considering purchasing stakes in two Moscow banks
more »
A government-sponsored agency said Thursday it attracted investments worth over $2 billion in the Czech Republic last year
more »
The Russian Finance Ministry has set aside $85.273 million and 9.328 million euros for its next payments to the International Monetary Fund (IMF), the ministry said
more »
The Russian government approved on Thursday a package of six bills intended to improve the country's bankruptcy laws
more »
The deficit of trade of the Republic of Moldova could exceed one billion USD in 2005
more »
Labour Ministry: Interim period for labour from new EU states causes problems
more »