Romania must make more progress with inflation, the growth of fiscal income and the diminishment of current account deficit, in order to get a better credit rating from Fitch Rating, says Mediafax. One year ago Fitch was the first fiscal evaluation a
Romania must make more progress with inflation, the growth of fiscal income and the diminishment of current account deficit, in order to get a better credit rating from Fitch Rating, says Mediafax. One year ago Fitch was the first fiscal evaluation agency to improve the rating for Romania to BBB minus, meaning low risk for investment, a category Romania joined. Fitch analyst for Romania Nick Eisinger said in an interview to Reuters that Romania's rating corresponded to the present state of things and added he shared some of the IMF (the International Monetary Fund) concerns about the strategies of the Romanian Executive and BNR (the National Bank of Romania). Eisinger opined that a better approach to inflation policy, the improvement of taxation basis and the diminishment of the current account deficit were pre-conditions for improving rating. The Fitch analyst mentioned incertitude about Romania's capacity to join the EU in 2007 as set, although 1-year delay would have no negative impact on the rating. (...) (A.M.V.)

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