Sunday, March 04, 2007

Bucharest Stock Exchange suits itself a rating agency


Japan Credit Rating Agency-JCR plans to provide consulting services to the Bucharest Stock Exchange-BVB for the establishment of a Romanian rating agency. An optimistic deadline in this regard is the end of 2007, while a realistic one would be two years from now, BVB president Septimiu Stoica told HotNews.ro.

Stoica said a decision was yet to be made regarding the judicial formula of the future agency and that a feasibility study was under way that might stretch for two to three months.

The rating agency will be dedicated to corporate and authoritative bond issuers with a possibility that its services be expanded to listed and non-listed companies.

A quick consequence of such a move would be the establishment of a more disciplined capital market in Romania and a higher level of transparency in financial processes, Stoica said.

HotNews.ro, Feb 26, 2007

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