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Research Update: Outlook On Romania Revised To Stable On Lack of Policy Visibility; 'BBB-' FC Rtgs Affirmed Apr 07 Product Image

Research Update: Outlook On Romania Revised To Stable On Lack of Policy Visibility; 'BBB-' FC Rtgs Affirmed Apr 07

  • Published: April 2007
  • Region: Romania
  • Standard & Poors

Abstract
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...

Companies mentioned in this report are:
- Romania

Action: Affirmed
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 READ MORE >

Romania

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