





Standard & Poor's revises Bucharest rating negatively
The rating reflects the high level of the debt Bucharest has, the need for improvement in debt and cash flow management, the low financial flexibility and the obstacles in implementing infrastructure projects.
The problems are balanced by the city's strategical position as Capital city, the good operational balances and the string increase of income.
"The city perspective is negative because the country perspective is negative. The ratings for Bucharest will follow the country ratings", the Standard & Poor's release informs.
The rating agency decreased on Monday the country rating for Romania for long-term loans in convertible currencies from BBB minus to BB plus and the rating for short term credits from A-3 to B, with a negative perspective.