OREANDA-NEWS. February 12, 2010. As it was informed in the government, Moldova has resumed cooperation with the rating agency Moody's Investor Service. The Ministry of Finance has signed an agreement with Moody's for rendering services to assess the rating of the country. In the nearest future the mission of Moody's Investor Service to Moldova for the assessment and subsequent assigning the rating to our country will visit Moldova.

As it has reported before, in November last year the International rating agency Moody's Investors Service had reported the withdrawal of all the ratings of Moldova. This was due to insufficient volume of reliable information to support ratings in future. Last rating of Moody's agency was assigned to Moldova on May 24, 2006, when the ceiling for the country’s foreign currency debt was lowered from Caa1 to B3 on Moody's methodology.

In December 2009, Fitch Ratings agency has also terminated monitoring of the credit rating of Moldova. Fitch Ratings has affirmed Moldova's Long-term foreign currency Issuer Default Rating (IDR) at 'B-' and its Long-term local currency IDR at 'B'. Both ratings have Stable Outlooks. Fitch has simultaneously withdrawn all the ratings. Moldova’s Long-term foreign currency IDR of 'B-' reflects the external financing risks and the structural weaknesses of the economy, as well as the prolonged uncertainty surrounding the domestic political situation.