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Ratings On Romania Affirmed At 'BBB-/A-3'; Outlook Stable
  • 31-Aug-2018 16:20 EDT
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OVERVIEW

  • Monetary policy has withstood political pressures. The Romanian central
    bank has hiked rates to anchor inflation expectations and help defuse
    overheating risks amid a booming economy spurred by an expansionary
    fiscal environment.
  • Risks to institutional settings are building as political efforts to
    interfere with the independence of the judiciary intensify. Such
    interference could dismantle important checks and balances in a
    corruption-prone environment and deter foreign investors.
  • We are affirming our 'BBB-/A-3' long- and short-term sovereign credit
    ratings on Romania.
  • The outlook is stable.
 
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A full list of rating actions is at the end of this rating action commentary.
 
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