Property in Romania

Moody’s upgrades Romania’s country risk rating

International ratings agency Moody’s on Friday announced having upgraded Romania’s country risk rating to investment grade from speculative, which means Romania has a solvability accepted by most of investors, the Romanian Public Finance Ministry reports.

Moody’s became the fourth ratings agency, after Fitch, Standard & Poor’s and JCRA, to substantially change its perception on Romania, thus paving the way for a diversification of the investors’ base for the instruments issued by the Romanian government as well as for a rise in direct foreign investment in Romania.

Date posted: October 3, 2006