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
An International Monetary Fund mission led by Mr. Paulo Drummond visited Bissau during January 12-27, 2010, to discuss the government’s medium-term economic program that could be supported by the IMF under the Extended Credit Facility.
more »
The International Monetary Fund (IMF) and the World Bank's International Development Association (IDA) have agreed to support US$1.9 billion in debt relief for the Republic of Congo, which includes US$255.2 million of debt relief from the two institutions.
more »
In 2009, net external assets of Monetary Financial Institutions remained negative but increased by LTL 9.3 billion.
more »
Spain's Minister for Science and Innovation, Cristina Garmendia, supports making R&D+i at the heart of Europe as a key to economic recovery.
more »
Lithuania and Malta granted reprieve on budget deficits; Hungary and Latvia on track to meet deadlines.
more »
More responsibility for fishermen, rules favouring good fishing practice and adjusting fisheries management models to complement and improve the traditional quota system should be among the key aims of common fisheries policy reform, say MEPs in an own-initiative report approved by the Fisheries Committee on Wednesday.
more »
On January 8, 2010, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Yemen.
more »
On January 22, 2010, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Norway.
more »
Agriculture can help to slow climate change, but should be ready to adapt to the impact of global warming, said Agriculture Committee MEPs and scientists at a public hearing on Wednesday.
more »
The Ministers for Employment of the European Union are holding an informal council on Thursday 28 and Friday 29 January which will lay the foundations for drawing up the common policies in the area of employment which the European Union will adopt over the next ten years as part of the “2020 Strategy”.
more »