Romania Regains Investment Grade at S&P on Debt Cuts

Romania regained its investment credit rating after six years at Standard & Poor’s, which cited the country’s success in reducing its external debt and keeping its budget under control.

The country’s long-term sovereign bond rating was raised one step to BBB-, the lowest investment grade, which puts it on par with Russia, Brazil and Spain, S&P said today in a statement. The outlook for the rating is stable, which “balances the likelihood of fiscal and reform programs exceeding our expectations, against the possibility of external imbalances re-emerging,” S&P said.