The Bucharest Stock Exchange is set to launch a Romanian rating agency, the exchange says.
The agency could be launched as a Standard & Poor’s, Fitch or Moody’s franchise, says BVB General Director Stere Farmache.
“The Stock Exchange is willing to initiate the agency and even take part in its creation. Currently we are trying to identify the interested institutions,” Farmache says. “The reason for which Romania does not have a rating agency yet is the low level of business until now.”
The BSE says the rating agency will be a positive step for the country because some countries have had trouble issuing bonds without a domestic rating.