ING: Political volatility in Romania increases downgrade risks

The near-term risks of a rating downgrade have disappeared in Romania, after S&P's rating affirmation. Still, downgrade fears will run high into the rating reviews in the fourth quarter and beyond due to the uncertainty about the pension hike and populistic initiatives ahead of the elections, according to the latest research report of ING Romania. There is an increasingly likely scenario where we could see the Romanian Government toppled but still ...

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