Moodys: IMF has shown a remarkable tolerance towards Romania
Political tumult was foreseeable in view of the presidential elections, but without having any major impact on the country’s ratings for the short term, but on a medium to long term it could cause problems, according to Moody’s analyst Kenneth Orchard.
“We would be much worried if this would last 6 to 12 months and would hamper the structural reforms. We don’t think it would last so long. Things would probably temper down by the end of the year”, said Orchard, adding that IMF has shown a remarkable tolerance towards Romania, and that because the current situation in the political scene was foreseeable.
“Political noise is almost constant in Romania, thus it is already factored into our rating for the government”, Kenneth Orchard, analyst at Moody’s told Wall-Street earlier this week.
“We would be much worried if this would last 6 to 12 months and would hamper the structural reforms. We don’t think it would last so long. Things would probably temper down by the end of the year”, said Orchard, adding that IMF has shown a remarkable tolerance towards Romania, and that because the current situation in the political scene was foreseeable.
“Political noise is almost constant in Romania, thus it is already factored into our rating for the government”, Kenneth Orchard, analyst at Moody’s told Wall-Street earlier this week.