Fitch assigns Romania’s EUR 1.5 bln bond a ‘BBB-‘ rating

Fitch Ratings has assigned Romania’s 1.5 billion bond a ‘BBB-‘ rating. The bond has a coupon of 4.62 percent and is due September 18, 2020. The rating agency yesterday (September 17) said “the rating is in line with Romania's 'BBB-' long-term foreign currency Issuer Default Rating (IDR), on which the outlook is stable”. Romania attracted EUR 1.5 billion from foreign markets on September 12 through the issuance of euro-denominated bonds with a maturity of seven years. On September 13, 2013, Fitch Ratings affirmed Romania’s long-term foreign and local currency Issuer Default Ratings (IDR) at 'BBB-' and 'BBB', respectively, with a stable outlook on both. The rating agency has also affirmed Romania's Short-term rating at 'F3' and Country Ceiling at 'BBB+'. Irina Popescu, irina.popescu@romania-insider.com