Romania’s Rating Downgrade Should Not Influence IMF Loan Negotiation

Romania’s rating downgrade to below "investment grade" should not influence the negotiations between the local authorities and the International Monetary Fund on a loan agreement, the National Bank of Romania’s chief economist Valentin Lazea said Wednesday."For a sophisticated investor as the International Monetary Fund it should not count that Romania is rated below investment grade. The macroeconomic fundamentals show this threshold is ungrounded compared with other countries," Lazea ...

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