Romania’s Credit Rating Raised to Investment Grade by Fitch
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Romania had its credit rating raised to investment grade by Fitch Ratings for the first time in almost three years after the government sought to cut the budget deficit and the economy exited a two-year recession.
The country’s sovereign rating was raised one step to BBB-, the lowest investment grade, with a stable outlook, Fitch said today in a statement from London. Moody’s Investors Service also gives Romania comparable Baa3, while Standard & Poor’s rates the country’s debt BB+, its highest speculative grade.