S&P: Brexit increases economic risk in Central and Eastern Europe

The risk of economic slowdown in Central and Eastern Europe (CEE) has begun amplifying following the vote for Britain's exit from the European Union, according to the ratings agency Standard & Poor's. The agency currently has negative outlooks for three of the 17 ratings granted to CEE states, Croatia, Poland and Montenegro, and stable outlooks for the rest of 14 sovereign ratings, including for Romania. “Countries of the Visegrad Group (Poland, Czech Republic, Hungary and Slovakia) and countries in the southeast of Europe such as Bulgaria, Croatia and Romania might be worried about the possibility that France and Germany would increase their dominance in the eurozone,” says the S&P. This would further complicate the policymaking process within the EU. Romania currently has a BBB-/BBB rating, with stable outlook, from the Fitch agency, a Baa3 rating from Moody's and ''BBB minus'' from Standard & Poor's. editor@romania-insider.com