Moldova to Resume Relations with Moodys
OREANDA-NEWS. October 14, 2009. It was said at the Minister of Finance Veaceslav Negruta’s meeting with representatives of Moody’s, Moldovan Ministry of Finance’s press service reported.
The Agency had announced earlier the withdrawal of all Moldova’s ratings due to the insufficient, in the company’s opinion, reliable information about macroeconomic indicators to support the ratings in future.
The meeting of the Moldovan Ministry of Finance’s head with representatives of the Moody’s rating agency took place last week during the annual meeting of the Board of Directors of the World Bank and International Monetary Fund in Istanbul. The Moody’s Agency’s latest rating was given to Moldova on May 24, 2006 when the ceiling for the country for the debt in foreign currency was reduced to B3 from Caa1 under the Moody’s methodology.
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