Fitch lowers the rating perspective for the Rompetrol Group
Thursday, October 16, 2008
The financial rating agency Finch lowered from “positive” to “ stable” the perspective of B+ rating for long-term loans of the Rompetrol Group, led by Dinu Patriciu as a result of the constant exposure to refinancing risks, the rating agency announced. The lowering of the perspective reflects the constant exposure of the group to refinancing risks, due the situation of short-term loans of the oil company. The Rompetrol group continues to have weak liquidity, with maturities of ...