Loading ...‘As regards the external perception, things are going in the right direction, although we will see no improvement in the country’s ratings this year. Perhaps there will be an improvement of perspective in the second half. The rating will be changed when the agreement with IMF, the European Commission and the World Bank is completed, in March 2011.
If the agreement is completed, the signal will be important for the markets and we will have an improvement in the rating next year,’ said Tanasescu. Standard & Poor’s estimated, on January 13, 2010, before the adoption of the 2010 state budget, that the rating outlook for Romania (which is now negative) could be improved, which could also unlock new tranches from the International Monetary Fund.
‘Romania’s ratings could remain stable at current levels,’ said Standard & Poor’s analyst Marko Mrsnik. The ratings might be improved only ‘if public finances will switch to a consolidation trend, if the private sector’s access to external financing improves and pressures in the banking sector decreases,’ added the Standard & Poor’s analyst.
The current Standard & Poor’s rating for Romania is ‘BB plus’, which is the highest rating in the junk category, with negative outlook. The Fitch Rating also rated Romania in the junk category. The single major rating agency that still give Romania an investment grade rating category is Moody’s Investors Service, which provides a Baa3 rating.
Loading ...
Comentează acest articol