Standard & Poor’s Unimpressed By Romania’s Fiscal Consolidation And Low Inflation

11.04.2013 By Razvan Voican

The three major rating agencies Standard & Poor’s (S&P), Moody’s and Fitch have not improved their assessment of Romania’s country risk, despite the fact that the country has been praised as seeing the most dramatic fiscal adjustment apart from Greece. Romania is also at its third stand-by arrangement with the IMF since the start of the crisis in 2009 and is being monitored in parallel by the European Commission and the World Bank.

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Keywords:
ratings
, s&p
, fitch
, moody's
, imf
, world bank
, budget
, deficit