Moody’s revises Moldova view to stable

Moody's Investors Service said it affirmed Moldova's B3 government issuer ratings and changed the outlook to stable from negative.

Moody’s said the key drivers for the outlook change are the following: (a) Reduced government funding risks as a result of the new IMF credit facility that began in November 2016, which unleashed additional multilateral and bilateral financing; and (b) the adoption of new banking regulatory framework intended to enhance the governance of the banking system, which reduces the likelihood that additional contingent liabilities from the sector would need to be assumed by the government or central bank.

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