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Bulletin: Republic Of Romania Ratings Unaffected By The Break-Up Of Government Coalition Oct 09
Standard & Poors, Oct 2009
Abstract
London (Standard & Poor's) October 2, 2009--Standard & Poor's Ratings Services said today that the break-up of the government coalition in Romania (foreign currency BB+/Negative/B, local currency BBB-/Negative/A-3) has no immediate impact on the sovereign credit ratings. Despite a tense intra-coalition environment since the general elections in 2008--and particularly ahead of the upcoming presidential elections--the government has so far successfully implemented the country's IMF/EU program, which is reflected in the completion of the first review and subsequent disbursements. Following yesterday's departure of the Social Democrat Party (PSD) from the Democratic Liberal Party (DLP) led coalition, the latter may seek support among the current opposition parties or eventually call early elections. If the current situation leads to political gridlock, such that...
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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