Romanian Junk Rating Affirmed at S&P on Growth Outlook, Debt

Romania had its credit rating maintained by Standard & Poor’s at BB+, one level below investment grade, with a stable outlook, due to the country’s economic growth potential and moderate government debt.

The Balkan nation’s government is likely to continue trimming its budget deficit while a precautionary loan accord with the International Monetary Fund and the European Union will minimize fiscal-slippage risks ahead of a general election in 2012, S&P credit analyst Marko Mrsnik said in a statement today.