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Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at [email protected] 

 

Romania on S&P’s list of potential “falling angels”

Romania, alongside Colombia and 117 companies, are on the list of debtors at risk of being downgraded to the "junk" category, also dubbed as "falling angels," by international rating agency S&P.

Alexandra Dimitrijevic, S&P's Global Head of Research mentioned this in an interview given to Reuters and quoted by major Romanian publications.

Still, it should not come as a surprise since the two countries have the weakest rating in the investment-grade region (BBB-) and, among the sovereign debtors just above the junk region, they are the only ones with a negative outlook.

In Romania's case, S&P is expected to issue a country update on December 4, two days before critical general elections expected to mark an upturn in the fiscal and budgetary policies for avoiding the otherwise imminent downgrade.

The S&P official has not commented about the odds for Romania's downgrade, since the Reuters interview was rather focused on corporate rating and the impact of the coronavirus crisis on the corporate default rate.

(Photo: Bigapplestock/ Dreamstime)

[email protected]

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Profile picture for user andreich
Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at [email protected] 

 

Romania on S&P’s list of potential “falling angels”

Romania, alongside Colombia and 117 companies, are on the list of debtors at risk of being downgraded to the "junk" category, also dubbed as "falling angels," by international rating agency S&P.

Alexandra Dimitrijevic, S&P's Global Head of Research mentioned this in an interview given to Reuters and quoted by major Romanian publications.

Still, it should not come as a surprise since the two countries have the weakest rating in the investment-grade region (BBB-) and, among the sovereign debtors just above the junk region, they are the only ones with a negative outlook.

In Romania's case, S&P is expected to issue a country update on December 4, two days before critical general elections expected to mark an upturn in the fiscal and budgetary policies for avoiding the otherwise imminent downgrade.

The S&P official has not commented about the odds for Romania's downgrade, since the Reuters interview was rather focused on corporate rating and the impact of the coronavirus crisis on the corporate default rate.

(Photo: Bigapplestock/ Dreamstime)

[email protected]

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