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Moody's: Romania's rating may improve in case of an agreement with the IMF of the EU

de Radu Rizea
Vineri, 13 februarie 2009, 18:37 English | Business

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.

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