Struggle for cheap financing in Romania could turn market towards structured products, Moody's saysPublish date: 12-02-2008
The use of structured financial products on the Romanian, Bulgarian and Slovakian markets could advance in the coming period considering the limited access to cheap financing and the countries' significant growth potential, a report from Moody's show.
Although Romania's population is twice smaller than Poland's, Romania is the second state in size in Central and Eastern Europe. The state is also considered to be the most underdeveloped in the region which makes room for investments and for an increasing development potential, the report shows.
Some investors decided to postpone last year their emissions for 2008 because of rows on the credit market. The rest of them preferred private placements.
Deals with structured financial products on the emergent markets in Europe, Middle East and Africa were reduced in volume over 2007 as the crisis of mortgage credits in the U.S. expanded on the global credit market.
Emissions of structured financial products on the emergent markets reached 7.7 billion U.S. dollars in 2007 excluding transactions in Israel and South Africa. The volume decreased 23 percent from 2006, the report shows.
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