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March 6, 2021
BUSINESS

S&P confirms Romania’s sovereign rating at “BB+”

The financial evaluation agency Standard & Poor’s confirmed this Thursday Romania’s sovereign rating for loans in foreign currency at BB+, following that the country negotiated an aid package worth EUR 20 bln from the International Monetary Fund, Bloomberg informs, cited by Agerpres. S&P maintained the negative rating prospective, which stands for a downward revision more likely than an upward one. “Romania’s economy still experiences macro-financial risks because of the strong cut in demand worldwide and because of the limitation in the external credit lines,” according to the financial evaluation agency. Yet, the loan from IMF “should have the capacity to mitigate the possible malfunctions in the funding flows,” the S&P press release specifies.

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