Romania Ditches ‘Junk’ Status As Fitch Ups Rating To BBB-

07.04.2011 By Florentina Dragu

Fitch Ratings Monday upgraded Romania’s long-term foreign currency issuer default rating to ‘BBB-’ from ‘BB’ and long-term local currency rating to ‘BBB’ from ‘BBB-’, citing the country’s progress in recovering from the financial crisis. The outlooks on both ratings are stable, Fitch said.

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