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Moody's improves Romania's rating with stable perspective

Vineri, 6 octombrie 2006, 0:00

International rating agency Moody’s Investors Service has improved the ratings for Romania long short and long term loans in international and local currency to Baa3/P-3 with stable perspective on Friday. An agency press release says the decision was made as the institutional situation in Romania has improved and the governmental debt was reduced.

Moody’s experts believe Romania’s accession in the EU in January next year should strengthen the progress and stimulate the reforms.

Romania’s progress in most fields has led to a reduction of loan risks for the country, according to Kenneth Orchard, a Moody’s analyst.

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