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Romanian Assets Rally After Dodging Rating Downgrade to Junk
Source: Bloomberg
Sovereign Debt & RatingsEmerging MarketsMarket Technicals & FlowsElections & Domestic Politics
Romanian bonds and stocks rallied after S&P Global Ratings maintained the country’s investment-grade sovereign credit rating. The decision provided relief amid Romania’s ongoing political crisis; the article gives no details on the size of the market gains or rating outlook.
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