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S&P affirms Romania at BBB-/A-3 with stable outlook, warns on excessive fiscal loosening

Standard & Poor's maintained on Friday Romania's rating at BBB-/A-3, with a stable outlook, and said that the country's deficit will widen due to the government's loose fiscal polic, seenews.com informs. "Romania's fiscal and external deficits are increasing on the back of a procyclical fiscal stance, although strong nominal GDP growth is keeping government and external debt ratios contained for now. We are therefore affirming our 'BBB-/A-3' ...

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