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Tuesday, September 06, 2005

S&P rating for Romania improved

Here it goes again....I am starting to like the guys from S&P :)

Standard & Poor's Ratings Services said it raised its long- and short-term foreign currency sovereign credit ratings on the Republic of Romania to BBB- and A-3, from BB+ and B, respectively, on improving government indebtedness indicators. At the same time, the long-term local currency rating on Romania was raised to BBB from BBB-, and the A-3 short-term local currency rating was affirmed. The outlook is stable.

Romania is the twelfth sovereign currently rated by Standard & Poor's that has made the transition to investment grade from speculative grade. The full analysis on the Republic of Romania will be published later today on RatingsDirect, Standard & Poor's Web-based credit analysis system. The report will also be posted on Standard & Poor's public website, www.standardandpoors.com (select Credit Ratings, then select Sovereigns from the left-hand menu, then find under Credit Reports).

Posted by Mihai : 9/06/2005 07:55:00 pm