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
A joint economic forum was held at the Grand Hotel Europe in Baku on Wednesday and attended by representatives of the Azerbaijan Ministry of Economic Development and the Austrian delegation
more »
Core shareholders in the embattled oil giant Yukos threatened on Tuesday to sue a syndicate of Western banks lending money to the gas monopoly Gazprom to enable it to bid for Yukos' main production unit
more »
Growing interest in shares on the stock exchanges of central and eastern Europe has pushed them to record levels, making them among the best-performing in the world
more »
The Azpetrol Holding of Azerbaijan plans to conclude by end-2004 its negotiations with the Moldovan Government on the terms of obtaining the Giurgiulestii Oil Terminal in southern Moldova
more »
Members of the OPEC oil cartel have agreed to cut production in response to rapidly sliding prices
more »
Europe's economy is suffering as the euro continues to reach record highs against the weakening dollar, but the tumbling U.S. currency isn't necessarily bad news for the Czech economy
more »
President Robert Kocharian said on Friday that the renewed strengthening of the national currency, the dram, resulted not only from market factors but also speculative dealing, openly disagreeing with the Armenian Central Bank
more »
Poland has no grounds to fear the expansion of Russian capital, Foreign Ministry spokesman Alexander Yakovenko said in a RIA interview Friday
more »
Lithuania's Adamkus Expects 7% Economic Growth, Euro in 2007
more »
To get a hint of where U.S. companies look to invest overseas, listen to the languages they're learning
more »