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Bulletin: S&P Expects Romania's Political Environment To Stabilize, IMF/EU Compliance To Continue Dec 09
Standard & Poors, Dec 2009
Abstract
-- The sovereign credit ratings on the Republic of Romania are not affected by the outcome of yesterday's presidential elections. -- We expect that the political environment will stabilize following the formation of a new government, and that this government will continue to comply with the IMF/EU program. LONDON (Standard & Poor's) Dec. 7, 2009--Standard & Poor's Ratings Services said today that its sovereign credit ratings and outlook on the Republic of Romania (foreign currency BB+/Negative/B; local currency BBB-/Negative/A-3) are not affected by the outcome of yesterday's presidential elections. Provisional results indicate a very tight victory for the incumbent president, Traian Basescu (of the Democratic Liberal Party; DLP), who gained 50.3% of the vote. Mr. Basescu is likely to seek...
Companies mentioned in this report are: Romania
Action: Bulletin
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.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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