[Opinion] Counterclockwise Race to Avoid Downgrading to "Junk". Economic Analyst, After Fitch Warning: Reflects the Concrete Situation

Digi 24

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Given that Romania is preparing for a further important assessment of the sovereign rating and in the context of the Fitch Agency's warning of the risk of degradation to "junk" if the political crisis continues, fiscal consultant Adrian Negrescu told Digi24 that in the eyes of investors the Romanian economy is volatile. Moreover, he explained that political instability "does nothing but cost us each of us."

phonline.ro

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President PSD, Sorin Grindeanu said Friday that PSD will ask for an official opinion from Fitch, if it changed its point of view in the last month, after an analyst from the agency said that Romania risks a downgrading of the country's sovereign rating to the category "junk: (unrecommended for investments in state debt) because of the prolonged political crisis, which endangers fiscal credibility. "I will ask the team of lawyers to make an analy…

PSnews

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Former Finance Minister Adrian Caciu, currently a Member of the Romanian Parliament, claims that the analyst Fitch who said that Romania's country rating is endangered by political instability has breached the Agency's deontological code. He also explains that the risk to the country rating is given the sustainability of the degree of coverage of public debt, not the political crisis. The reaction of the former Finance Minister comes after the a…

ZF.ro

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On October 2, the S&P decides whether to maintain or degrade Romania's country rating in the "junk" category, transmitting...