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Wednesday, September 07, 2005

S&P upgraded Romania's rating

Standard & Poor's Ratings Services said it raised its long- and short-term foreign currency sovereign credit ratings 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 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 Iulia Rasoiu : 9/07/2005 09:33:00 am