Romania Pushes to Shed Junk Stigma on Budget Rigor Praise

Romania’s call for a credit-rating upgrade has the support of investors and analysts from London to Los Angeles as the country strives to shake off its junk status at Standard & Poor’s after almost five years.

Fiscal progress and International Monetary Fund backstops warrant a higher rating, according to Templeton Emerging Markets Group’s Mark Mobius, Nomura Holdings Inc. and TCW Group Inc. Romania, which S&P has kept one level below investment grade since 2008, deserves a better credit score after narrowing the budget gap to European Union limits, Economy Minister Varujan Vosganian said yesterday.