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
Russian economy minister German Gref told reporters of Russian daily Kommersant that the government’s direct involvement in oil business was "unjustified"
more »
Lithuanian exports were 18,259 bill. litas (€ 5,3 bill.) and imports 24,454 billion litas (€ 7,1 bill.) during the first nine months of 2004
more »
During a year the port of Klaipeda handles over 150 thous. TEU (twenty-foot equivalent units)
more »
"Gazprom" and "Beltransgaz" Ink Contract on Gas Supply and Transit
more »
KeyCorp to launch services in early 2005
more »
The Hungarian economy, set to expand at around 4% both last year and in 2005, is back onto a sustainable, export-led, growth track
more »
The end-2005 jobless rate for Poland, the largest of the 10 newest EU members, compares with an expected 8.3 percent in the neighboring Czech Republic, the second largest of the EU entrants
more »
A subsidiary company of India’s Oil & Natural Gas Corporation (ONGC Videsh) would like to buy a 15 percent stake in Yuganskneftegaz, the former crown jewel of Yukos Oil Company
more »
The volume of Azerbaijan’s gold and currency reserves on December 1 totalled to $873.16 million, according to the National Bank of Azerbaijan
more »
Central Bank of Russia’s public relations department announces that since the beginning of 2004 gold and currency reserves volume has increased by $44.5 billion or by 58 percent as compared to the same period last year
more »