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   Home » News » Romania News » Fitch hikes Romania rating to “stable” September 09, 2010  

Fitch hikes Romania rating to “stable”

Financial evaluation agency Fitch hiked Romania’s rating outlook from “negative” to “stable” and confirmed the rating for foreign and national currency long-term debts to “BB+” and “BB-” respectively. “Improvement of foreign economic and financial conditions, adjustment of the 2009 current account deficit beyond expectations, going past the risk posed by elections, the enforcement of the 2010 budget and expectations to resume normal relationships with the IMP have reduced pressure on Romania’s rating,” Fitch director David Heslam said in a press release. The agency confirmed the rating level for long-term foreign currency loans to “IDR” and short-term foreign currency debts to “B”.
Source: NineOclock - 3/2/2010
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