The Moody’s international financial assessment agency has improved Moldova’s perspective from “negative” to “stable” and confirmed the long-term ranking at B3.
“This news is important, as these rankings are used by big foreign investors to assess their entrance into a country. An improvement of the perspective helps the economic reputation of Moldova a lot,” MP Radu Marian has said.
Among the reasons for the ranking’s improvement, there is also the fact that “Moldova made significant progress in the energy security sector, the inflation is decreasing, the negative effects of the war are less tough than expected and the institutional framework is improving, although remains weak,” the lawmaker noted.
According to Marian, “among the progress mentioned in the energy sector, there is the diversification of the sources of supply with natural gas following the ceasing of deliveries by Gazprom, creation of natural gas stocks, connection to the European Network of Transmission System Operators (ENTSO-E) and the progress recorded in the construction of the power line Chisinau-Vulcanesti, which will connect Moldova with Romania – EU”.
The Moody’s Agency expects “the substantial financial and technical support on behalf of international institutions to continue and consolidate the economic profile of the country through the stimulation of the economic improvement, attenuation of liquidity risks and backing the gradual progress in structural reforms”.
“The country’s ranking facilitated including the attraction of investments into the national economy; therefore, it is a positive news and signal for investors, including foreign ones,” the spokesman for the government, Daniel Voda, said on August 21.
Moody’s is one of the most prestigious and reliable financial assessment agencies in the world. The ranking agencies are regarded as the principal, as well as the most objective source of information for investors and governments. (Moldpres/Business World Magazine)
