Moody's changes Romania's outlook to stable from negative

Ratings

Photo by Daniel J. Macy / Shutterstock.com

Moody's Investors Service said it has changed the outlook on Romania to stable from negative and affirmed the 'Baa3' foreign and domestic long-term issuer and senior unsecured ratings.

One of the key drivers for the change of the outlook to stable is the country's solid economic growth prospects, which will rely on dynamic private sector and use of Next Generation EU funds, Moody's said on Friday evening in a press release.

Also on Friday, S&P Global maintained Romania's outlook to stable, while affirming its long-term foreign and local currency issuer default ratings (IDR) at 'BBB'.

ADVERTISEMENT

Purchasing Managers' Index rises Analysis

Purchasing Managers' Index rises

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

The strongest move - Morgan Stanley Hungary head and Chess F... Podcasts

The strongest move - Morgan Stanley Hungary head and Chess F...

New Jewish cultural hub opens in Budapest City

New Jewish cultural hub opens in Budapest

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.