S&P affirms Romania’s rating at BB+/B; outlook stable - financiare.ro
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News » May, 2013 » 10 May 2013

S&P affirms Romania’s rating at BB+/B; outlook stable
10.05.2013, 10:04 | Finance-Banks | 1893 views

Standard & Poor’s Ratings Services on Thursday reported having affirmed its ‘BB+/B’ long- and short-term foreign and local currency sovereign credit ratings on Romania. The outlook is stable.

In a press release issued on Thursday, S&P explains that in their view, Romania’s high, albeit declining, external debt burden and low institutional capacity are balanced by the considerable progress it has made on economic rebalancing and fiscal consolidation since 2009.

They are therefore affirming their ‘BB+/B’ long- and short-term foreign and local currency sovereign credit ratings on Romania.

The stable outlook, say S&P, reflects our opinion that Romania’s government will continue to consolidate its public finances largely in line with the targets it has specified, and that the net external liability position broadly edges downward as the current account deficit remains more moderate than in the recent past.

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