Wednesday, May 20, 2009

Romanian cbanker sees positive rating change in H2

BUCHAREST, May 20 (Reuters) - Romania's deputy central bank governor Eugen Dijmarescu said he expected rating agencies to change their outlook on Romania in the second half of this year.

Earlier this month, Standard & Poor's reaffirmed its sub-investment grade and a negative outlook for Romania's crisis-stricken economy, arguing that a high risk of capital flight remained despite Romania's 20 billion euro aid package led by the International Monetary Fund.

'I expect an outlook change from negative but this will not happen before the second half of the year,' Dijmarescu told Reuters on the sidelines of a financial seminar. 'The deal with the IMF alone is not enough.'

Asked if he expected a change in the second half of the year, Dijmarescu said 'yes, I think so.'

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