ANALYSIS OF ROMANIA’S RATING FROM THE PERSPECTIVE OF THE CREDIT RATING AGENCIES MOODY’S, STANDARD AND POOR’S AND FITCH IN THE 2013-2014 PERIOD

FLORENTINA CRISTINA BALDAN

Abstract


In this paper I presented the analysis of Romania’s rating from the perspective of the main credit rating agencies assessing the country risk for the 2013-2014 period. The rating improvement by the credit rating agencies might increase foreign investors’ appetite  for Romanian foreign currency bonds, but also for those in lei (the Romanian currency), to a lower  extent. The review of the country rating reflects Romania’s rapid progress towards reducing the external imbalances, as well as S&P’s opinion that the fiscal situation will continue to be strengthened and the stability of the financial sector will be improved. S&P expects that Romania maintains a constant economic growth rate of 3% on average in the 2014-2017 period. 


Keywords


rating; credit risk agency; country risk

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References


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*** http://www.zf.ro/zf-24/agentia-de-rating-standard-poor-s-a-upgradat-romania-in-categoria-investment-grade-12629577

*** http://www.standardandpoors.com/about-sp/main/en/eu

*** http://www.ziare.com/economie/rating/fitch-confirma-ratingul-romaniei-la-bbb-minus-cu-perspectiva-stabila-1256823

*** https://www.fitchratings.com/gws/en/sector/overview/FAMRatings

*** https://www.moodys.com/Pages/atc.aspx

*** https://www.moodys.com/research/Moodys-changes-outlook-on-Romanias-Baa3-rating-to-negative-from--PR_249674

*** https://www.moodys.com/research/Moodys-issues-annual-credit-report-on-Romania--PR_257625

*** https://www.moodys.com/research/Moodys-Issues-Annual-Report-on-Romania--PR_233824


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LUCRĂRI ȘTIINȚIFICE MANAGEMENT AGRICOL

ISSN print 1453-1410
ISSN online 2069-2307
(former ISSN 1453-1410, E-ISSN 2069-2307)

PUBLISHER: AGROPRINT Timisoara, Romania
PAPER ACCESS: Full text articles available for free
FREQUENCY: Annual
PUBLICATION LANGUAGE: English

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