Moody's Ratings has upgraded both Banca Transilvania (BT)'s long-term deposit rating and its short-term and long-term issuer ratings, BT informs in a press release sent on Friday.The agency raised the bank's long-term deposit rating to Baa1 from Baa2, the maximum rating, in the context of the country rating. Moody's changed the outlook to negative, similar to that of Romania.At the same time, BT's issuer ratings were updated to Baa2 from Baa3, with a stable outlook."This stable outlook on the issuer ratings reflects the rating agency's expectation that Banca Transilvania - due to its financial performance, capital and profitability - will remain resilient, despite macroeconomic challenges. The confirmation of the base rating (Ba1) and the other types of ratings by Moody's reflects the bank's solid capitalization, ample liquidity and robust profitability, supported by its leading position in Romania and efficient cost optimization," the press release reads.Banca Transilvania has been benefiting from the assessment of two international rating agencies, one of them being Moody's Ratings, since 2023.
“Catane,” a dark comedy inspired by real events and directed by Ioana Mischie, is set to have its first special screenings in Romania after a successful festival circuit. The film had its world premiere at the IFFI Goa festival in India and was nominated this year at the Hollywood Music in Media Awards for Best […]
Romania is among the European countries where water reserves are decreasing at an alarming rate, according to an analysis carried out by researchers from University College London in collaboration with The Guardian and Watershed Investigations. Scientists analyzed data from the period 2002–2024 provided by satellites that monitor changes in the Earth's...
George Smyth, 18, went missing on a hike near Romania’s famous Bran Castle more than a week ago. On November 23, the British citizen started to suffer from hypothermia and exhaustion and called the emergency services. Trying to locate him, mountain rescue services conducted searches over the next few days but were only able to […]
Over 107,000 people in Prahova and Dâmbovița counties, in southern Romania, have been without drinking water since Friday, November 28, due to problems at the Paltinu Dam. According to local authorities, the problems are set to persist until next week. The dam registered a drop in water levels, leading to problems in the water distribution system. […]
A special ‘Silent Day’ event will be held at the Bucharest Christmas Market in Constituției Square on Wednesday, December 3, aimed at creating a quieter and more accessible environment for children with sensory disabilities. The initiative is designed to make the festive market manageable for children who may struggle with loud noise, bright lights, and […]
Romanians have the highest level of trust in others in the European Union, according to the most recent Eurostat data for the year 2024, ahead of the usual leader of the ranking, Finland. The indicator ‘trust in others’ measures a person’s trust in people they do not know on a scale from 0 (‘I...
