Manea, RBS: We desperately need a better sovereign rating
The only investors showing interest in Romania currently are
hedge funds and companies of small economies, as the sovereign
rating assigned by two of the three largest international agencies
is in the "speculative grade" category, says Magdalena Manea,
corporate vice-president with RBS Romania.
"The Government's first mission would be re-entering the investment
grade category. But this would entail multiannual budgetary plans,
public expenses centred on projects with a high degree of
multiplication in the economy and consistency of fiscal measures.
Uncertainty is the clearest way to failure," says Manea, who came
at the helm of the corporate segment at RBS Bank after Roxana
Moldovan withdrew.
"If we do not improve our sovereign rating, we will attract only
hedge funds and investors of small countries, which are faring
slightly better than us. We will not see any investors of France or
Germany, which should bring know-how and accurate corporate
governance principles. I desperately need a better sovereign rating
so I can build a different profile of the Romanian customer," Manea
states.