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Manea, RBS: We desperately need a better sovereign rating

Autor: Liviu Chiru

03.12.2010, 00:06 18

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

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