Romania’s credit rating outlook was raised to stable from negative at Standard & Poor’s after the International Monetary Fund resumed a bailout loan to the country and the government passed an austerity budget.
It affirmed its ‘BB+/B’ long- and short-term foreign currency sovereign credit ratings and its ‘BBB-/A-3′ long- and short-term local currency sovereign credit ratings on the country.
The EU’s second poorest country, which aims to sell euro-denominated bonds in the next week, is rated below Bulgaria, its neighbor, and in line with Azerbaijan and Montenegro.
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