Hotnews.ro: S&P negatively assesses Romania's rating prospect
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S&P negatively assesses Romania's rating prospect
Standard & Poor's downgraded Romania’s rating prospects from 'stable' to 'negative' because of the deepening foreign trade imbalance, Romanian news agency NewsIn reports. The revision of the rating perspective reflects the difficulties faced by governmental policies to answer foreign trade imbalances linked to difficult conditions at international level. Both the fiscal and revenue policies initiated by the current Liberal government are considered by S&P experts as being expansionist and the upcoming elections can stimulate current spending even more. Thus, the experts estimate that the
