S&P Revises BNR Outlook To Stable With One Year Delay, Citing Administrative Error

S&P rates Romania’s foreign currency debts at BB+, with a stable outlook, while the local currency rating is BBB-, with a stable outlook as well.

„The rating outlook on Romania was revised to stable from negative on March 9, 2010. The rating outlook on BNR should have been revised to stable on the same date,” S&P said in a statement.

„We have now corrected this error,” S&P concluded.