Romania Starts Talks with the S&P Agency on Thursday. What Risks the Country if It Is Downgraded to the "Junk" Category, Unrecommended for Investments
33 Articles
33 Articles
Alexandru Nazare says that Romania has presented the results of fiscal consolidation and warns that maintaining the investment rating depends on the continuity of budgetary measures.
Romania begins, on Thursday, discussions with representatives of the S&P rating agency, which on October 2 will announce the decision on the sovereign rating of the country. The Fitch and Moodys agencies kept Romania in the recommended category of investments, Article Alexandru Nazare, before the discussions with the S&P agency: "We have serious arguments for maintaining the rating . . appears first on Romania TV.
Romania begins on Thursday, September 24, talks with S&P representatives, before the October 2 verdict on the sovereign rating. After Fitch and Moodys kept the country in the recommended investment category, S&P is the last test: a step backwards, from the current BBB-/A-3 with a negative outlook, would send Romania to "junk," which may restrict the access of investors and expensive loans. The evaluation takes place in full political crisis, and…
Interim Prime Minister Ilie Bolojan warned Thursday, after talks with representatives of the rating agency Standard & Poor's, that political instability can affect the confidence of markets and creditors in Romania. The PNL leader argues that investing a government with full powers is necessary to continue reducing the deficit and preparing the budget for 2027. S&P representatives analyzed [...]
Prime Minister Ilie Bolojan met today at the Victoria Palace a delegation of the international financial rating agency Standard & Poor's (S&P). The agency is in Bucharest for the periodic evaluation of Romanian economic and fiscal developments. The meeting was attended by Finance Minister Alexandru Nazare, the Director General of the State Treasury, Stefan Nanu, and [...]
Romania goes through a new important test for public finances. Standard & Poor's representatives came to Bucharest for periodic evaluation of the sovereign rating, and the Agency's decision is scheduled for 2 October. Ilie Bolojan and Alexandru Nazare presented the Executive's arguments: reducing the deficit, controlling expenditure and continuing tax reforms.
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