Romania avoids junk rating, as S&P maintains ‘BBB-’ with negative outlook over ongoing fiscal risk

Romania has avoided a junk rating as credit rating agency S&P Global Ratings  affirmed the country’s long- and short-term sovereign credit ratings at ‘BBB-/A-3’, maintaining a negative outlook. The decision on Wednesday reflects both recent progress on fiscal consolidation and the persistence of significant structural risks concerning the long-term sustainability of public finances. S&P said … Continuă lectura Romania avoids junk rating, as S&P maintains ‘BBB-’ with negative outlook over ongoing fiscal risk