Bloomberg News

Romanian Protests ‘A Credit Negative Development,’ Moody’s Says

January 23, 2012

Jan. 23 (Bloomberg) -- Romanian anti-government protests are a “credit negative development” that will make it more difficult for the Balkan nation’s administration to continue fiscal and structural changes, Moody’s Investors Service said. countries as growth slows and social benefits are cut.

“Since 2012 is a national election year in Romania, the endorsement of the protests by opposition political parties is hardly surprising,” Atsi Sheth, a senior analyst and vice president at the rating assessor, said in Moody’s Weekly Credit Outlook, published today. “It does, however, bode ill for building on the fiscal discipline that the government demonstrated over the past year.”

Moody’s rates Romania Baa3, its lowest investment grade, with a stable outlook.

To contact the reporter on this story: Irina Savu in Bucharest at isavu@bloomberg.net

To contact the editor responsible for this story: Alan Crosby at acrosby1@bloomberg.net


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