S&P confirms Romania’s sovereign credit rating at ‘BB+’

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Financial rating agency Standard & Poor’s confirmed on Thursday Romania’s foreign currency sovereign credit rating to „BB+”, after the country negotiated an aid package in the value of 20 billion euros managed by the International Monetary Fund, Bloomberg informs.

S&P has kept the negative rating outlook, meaning a downward revision is more likely than an upward one.

Romania’s economy continues to face macro-financial risks due to a strong reduction in demand on foreign markets and of the limitation of foreign credit lines, appreciated the financial evaluation agency.

Nevertheless, IMF loan could help to alleviate eventual dysfunctions as for financing flows, S&P says in its release.

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