Research Update: Local-Currency Ratings On Romania Cut To 'BB+/B' On Criteria Update; Foreign-Currency Ratings Affirmed; Outlook Stable Nov 11
- Language: English
- Published: November 2011
- Region: Romania
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
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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.