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
Turkmenistan will stop supplying gas to Ukraine starting January 1, 2005.
more »
Suspicions are raised that Erjan Tatishev, alleged to have been the victim of tragic accident, was murdered
more »
Kazakhstan to start building rail link between Southeast Asia and Europe
more »
Deutsche Bank Asks Houston Court to Dismiss Yukos Bankruptcy Case
more »
BMW, the German maker of luxury cars, said on Tuesday it was recalling 75,000 of its 5 and 7 Series cars worldwide owing to potential problems with their seat heating systems
more »
Swedish firms have high opinion of Estonian business climate
more »
FISCAL POLICE IN KAZAKHSTAN LAUNCHES LEGAL ACTION AGAINST SOROS FOUNDATION
more »
AT&T Wireless Finalizes Agreement for Sale of Eurotel Bratislava to Slovak Telecom
more »
Russia's anti-trust body said yesterday it had approved to state oil firm Rosneft's purchase of the obscure buyer of the key production unit of beleaguered Yukos oil company
more »
The International Monetary Fund Thursday approved lending $19.7 million to Azerbaijan as the country continues to restructure its economy
more »