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The head-economist of Renaissance Capital: Improvement of country rating, one trust vote for Romania

Although it has been anticipated since May by the head economist of Renaissance Capital, Charles Robertson, the reception of Romania among the countries with ' investment grade' was a piece of news which surprised the market. At the same time, a similar movement is expected on the part of S&P, the analyst says.

The improvement of country rating of Romania was anticipated by the economist Renaissance in a report in May.

'The recommendation for investment is important for some funds, such as those for pensions in the EU, which are allowed to invest only in countries with such rating and sometimes only only if two of three agencies offer this level' the economist said.

According to Robertson, this piece of news is an encouraging vote for Romania, as Greece has a rating of CCC given by two agencies ( with the exception of Fitch).

Sursa: http://www.actmedia.eu

Tags: romania rating renaissance economist

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