The new Government in Romania took positive steps into rectifying the fiscal policy, but some financial aid from the European Union or the International Monetary Fund may be necessary in order to maintain Romania's debt, Moody's officials said on Friday, according to Reuters.
At this moment, Moody's is the only financial evaluation company that still offers an investment grade rating for Romania, after Standard & Poor's and Fitch cut their ratings down to "junk" in 2008, mainly because of worries about an inadequate fiscal policy, doubled by foreign imbalance.
Moody's rating is now Baa3.
