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Fitch reviews Rompetrol Group forecast

Marţi, 18 iulie 2006, 0:00

The international rating agency Fitch has reviewed the rating forecast for The Rompetrol Group (TRG) from negative to stable due to the financial performance reported by the company and the solution to a series of trials which is seen as favorable for the group and its main shareholders, a Rompetrol press release says.

The TRG management forecasts a business figure of six billion USD in 2006.

The improving rating of Fitch comes less than two weeks after another rating agency, Standard&Poor’s, made a similar move and confirmed its B- rating for Rompetrol long term credits.

“The Rompetrol Group will keep growing and the decisions of the two agencies confirm that we’re on a good path despite an investigation against the group shareholders that we look forward to see in court in order to prove our innocence, says Dinu Patriciu, the head of TRG.

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