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
The international financial forum Banks and Business: Ways for Cooperation opened in Moscow today
more »
South Korea and Poland agreed to increase exchanges and cooperation in the information and technology (IT) sector
more »
Korea's LG Electronics is considering investing up to $110 million in its Polish television factory, daily Gazeta Wyborcza reported on Saturday
more »
Getrag Ford Transmissions, a joint venture between U.S. automaker Ford Motor Co. and Germany's Getrag Group, announced Thursday it plans to build a $400 million auto parts plant in eastern Slovakia
more »
Half of Estonian companies under embargo by Finland’s construction union owned by Finns
more »
Azerbaijan will pay about $64 million in 2004 in debt on credits received from the International Finance Corporation
more »
European Union finance ministers considered the ever-strengthening euro against the dollar Monday amid appeals for Washington to rein in its budget
more »
Twenty-three people died and three others were injured Sunday in an explosion at a coal mine in the Karaganda region, officials said
more »
Air Polonia, Poland's low-cost airline, suspended all flights indefinitely on Sunday in a possible prelude to bankruptcy after an expected investor canceled plans to inject $10 million into the company, airline officials said
more »
Poland's entry into the European Union is making the country an attractive "forward base" for South Korean companies to expand their business in Europe, South Korea's president said Friday
more »