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Research Update: Outlook On Romania Revised To Stable On Lack of Policy Visibility; 'BBB-' FC Rtgs Affirmed Apr 07
Standard & Poors, April 2007
On April 5, 2007, Standard & Poor's Ratings Services revised its outlook on the Republic of Romania to stable from positive. At the same time, the 'BBB-/A-3' foreign currency and 'BBB/A-3' local currency sovereign credit ratings on Romania were affirmed. The outlook revision reflects the protracted lack of political visibility since the beginning of 2007, which comes at a time when policy challenges remain significant, both in relation to the structural reforms required to make the most of EU membership, and to the containment of growing demand-driven external imbalances. EU accession ushered in a period of heightened political uncertainty in Romania. Multiple tensions, both within the executive and between the parliament and the executive, have occupied policy-makers. After three months...
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Action: Outlook: Stable
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases.