Evaluarea României: adevăr sau ficţiune?

Romania’s Rating: Truth or Fiction?

George Georgescu

MPRA Paper from University Library of Munich, Germany

Abstract: The paper focuses on the current system of country risk assessment by the main rating agencies, pointing out some of its weaknesses. Under these circumstances, was found that Romania is overrated by the international agencies, mainly due to political reasons, related to the close accession of the country into the European Union. The EU Member status does not however guarantee the financial stability, a possible rating downgrade - back to speculative grade - caused by the accelerated deterioration of trade and current account balances, making more expensive the increased borrowing costs to cover the deficits and threatening Romania’s external debt sustainability.

Keywords: Rating Assessment; Country Risk; Sovereign Risk; Financial Stability; Balance of Payments; External Debt (search for similar items in EconPapers)
JEL-codes: F15 F32 F34 G18 O24 (search for similar items in EconPapers)
Date: 2006-11-10
References: View complete reference list from CitEc
Citations:

Published in Revista Bilant 26 (2006): pp. 62-66

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/26364/1/MPRA_paper_26364.pdf original version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:26364

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().