Romania Faces Upgrade

Politics ♦ Published: November 23, 2013; 11:01 ♦ (Vindobona)

Next year, Romanian sovereign bonds may be upgraded by Standard & Poor´s.

Romania Faces Upgrade / Picture: © Vindobona.org

 

The rating agency has raised the outlook for Romania´s sovereign bonds from “stable” to “positive”. At the moment, Romania´s credit rating still has junk status. The current bond rating was maintained at “BB+”.

According to S&P, the upgrade depends on the seriousness of the fiscal policy and the efforts in the privatization…

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