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Moody's improves ratings for Romanian banks

Marţi, 10 octombrie 2006, 0:00

The Moody’s Investors Service rating agency announced on Tuesday that it has improved its ratings for three Romanian banks - the Romanian Commercial Bank (BCR), BRD-Groupe Societe Generale and Raiffeisen Bank - for foreign currency deposits.

Thus, its ratings for the three banks’ long term credits were set at Baa3 and at Prime-3 for short term credits with a stable perspective, an agency press release says.

The improvement of ratings comes after Moody’s boosting the country rating for Romania’s long and short term loans in domestic and foreign currencies on October 6.

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