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
Hungarian Government Makes Another Effort to Sell Its Troubled Malev Airlines
more »
Uzbekistan plans to achieve growth of gross domestic product by 7% in 2005
more »
Parex Assets Management (PAM), an asset management company owned by Parex Bank, has established a subsidiary in Ukraine, Parex Asset Management Ukraine, to launch the fund management operations there by the end of the year
more »
Since September 1 the banking rate in Armenia remains unchanged at 16% annually
more »
Armenian Dram Increases By 0.10% Against U.S. Dollar In August
more »
Over 53,000 private entrepreneurs with a license and a registration number and over 14,000 enterprises, making up 79% of the total number of registered legal entities in the country, were registered in the private sector of the economy in 2003
more »
The first highway that will answer the international standards, is being constructed in the Western Kazakhstan
more »
The euro zone continues to experience a jobless recovery, with no indication that new jobs are being created after more than a year of generally sluggish economic growth
more »
Russia's enclave on the Baltic sea, the Kaliningrad region will sustain losses from Lithuania upping prices on railway transit of fuel and lubricants along its territory
more »
Leading Dutch bank Rabobank will likely become a strategic investor in state-owned BGŻ, a bank servicing mainly the agriculture sector
more »