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
Foreign direct investments in Moldova amounted to $829m by the end of the first half of this year
more »
Activities of the countries members of the common economic environment (CES) -- Belarus, Kazakhstan, Russia and Ukraine -- may have a positive impact on all members of the Commonwealth of Independent States
more »
The Poland Finance Ministry decided that entrepreneurs will be allowed to deduct part of their expenditure on innovative technologies from their tax base
more »
UzbekInvest national export-import insurance company is acting as co-organiser of business seminar, which will be held within the first National Commercial-Trade Exhibition of Poland in Uzbekistan on 5 October
more »
Ryanair's profit margins will shrink by one-third next year if oil prices stay at their current record level
more »
Romania expects foreign direct investment to reach $2.5 billion in 2004, the Rompres news agency reported Friday
more »
French auto maker Renault is in talks with the Romanian government to purchase an abandoned automobile production site in Romania owned by Daewoo of South Korea to boost production of its Logan model
more »
8 new EU states including Lithuania likely to attract most foreign investment, forecasts the Financial Times
more »
The four points of consensus reached on the energy cooperation between China and Russia showed that Sino-Russian energy cooperation has made a big progress
more »
U.S. agency plans to invest up to US $2 billion in Ukrainian economy
more »