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
From the beginning of 2005, retail customers of OTP Bank holding a debit bank card can, for a unified fee, withdraw cash abroad using automated teller machines operated by the subsidiaries of the credit institution
more »
The City of Sofia will sell 80.5% of the statute capital of its Municipal Bank, one of Bulgaria's commercial banks with a full banking license
more »
Most major corporations avoided Slovakia even after the end of communism, wary of its authoritarian ruler and economic cronyism
more »
German low-cost airline Bexx Air, whose offices in Sofia were closed down in September for operating without a licence, is trying to go into business under a new name of "Imagine Air"
more »
An agreement between the governments of Russia and Belarus on regulations on collecting indirect taxes relating to exports and imports, as well as other business sectors will take effect beginning January 1, 2005
more »
The central bank will mount a legal challenge against the new law expanding the bank’s rate-setting Monetary Council
more »
Wizz Air flying high in Polish market, president expects to double traffic
more »
The Port of Klaipeda Handles More Cargos Than Amsterdam
more »
Latvia’s Parex banka plans branch opening in Stockholm for next spring
more »
According to data from Emerging Portfolio Fund Research, at the end of December 2004 Polish shares constituted almost 1% of all assets of the firms investing in emerging markets
more »