Announcements

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      Instrument data
      Issuer
      Senority
      Senior Unsecured
      Currency
      USD
      ISIN
      US77586RAC43
      Coupon percent
      6.125%
      Coupon type
      Fixed:Plain Vanilla Fixed Coupon
      Instrument volume
      1,000,000
      Maturity date
      22/01/2044
      -
      BBB- Outlook: Stable
      BBB- Outlook: Stable
      Latest change
      Affirmed
      01/03/2024
      General information
      Rating
      Public
      Unsolicited
      With no issuer participation
      UK endorsed
      EU Rated
      Julian Zimmermann Lead analyst
      Alvise Lennkh-Yunus Committee chair
      Scope affirms Romania’s credit ratings at BBB- with Stable Outlook

      1/3/2024 Rating announcement EN

      Scope affirms Romania’s credit ratings at BBB- with Stable Outlook

      Robust medium-term growth, broad policy continuity, absorption of substantial EU funds, and still-moderate public debt anchor the rating. Elevated fiscal deficits and external imbalances given high current account deficits are challenges.

      Scope affirms Romania’s credit ratings at BBB- with a Stable Outlook

      17/3/2023 Rating announcement EN

      Scope affirms Romania’s credit ratings at BBB- with a Stable Outlook

      EU membership, strong medium-term growth potential and moderate public debt support the ratings. Structural budget and current account deficits and moderate reserve coverage remain rating challenges.

      Scope revises Romania’s Outlook to Stable from Negative, affirms ratings at BBB-

      14/5/2021 Rating announcement EN

      Scope revises Romania’s Outlook to Stable from Negative, affirms ratings at BBB-

      Fiscal consolidation reforms and enhanced political stability drive the Outlook change while structural budget and current account deficits remain core ratings challenges.

      Scope affirms Romania’s credit rating at BBB-; Outlook remains Negative

      12/6/2020 Rating announcement EN

      Scope affirms Romania’s credit rating at BBB-; Outlook remains Negative

      Deteriorating public finances and limited external reserves drive the Negative Outlook. EU membership, high growth potential, and moderate public as well as external debt levels support Romania’s BBB- ratings.

      Scope downgrades Romania’s credit rating to BBB- from BBB, Outlook remains Negative

      19/10/2018 Rating announcement EN

      Scope downgrades Romania’s credit rating to BBB- from BBB, Outlook remains Negative

      The continued deterioration of fiscal performance and weak debt trajectory drive the downgrade. Sustained policy uncertainty underscores the Negative Outlook. The country’s high growth potential and moderate levels of debt support the BBB- rating.

      Scope confirms and publishes Romania’s BBB credit rating and changes Outlook to Negative

      3/11/2017 Rating announcement EN

      Scope confirms and publishes Romania’s BBB credit rating and changes Outlook to Negative

      The rating is supported by Romania’s EU membership and its convergence-process underpinned by high growth rates. Pro-cyclical budgetary policies, re-emerging vulnerabilities to short-term shocks and institutional weaknesses underpin the Negative Outlook.

      Date Title