Coface down rated Romania's country rating from A4- to B

Miercuri, 15 aprilie 2009, 18:12 English | Business

Coface down rated Romania's country rating, together with other 47 countries, Portfolio.hu reads. Romania's rating was down rated to B from A4-. Coface representatives declared for HotNews.ro that the main reasons will be presented on Thursday.

The mentioned sources declared that the agency dropped the rating of 47 countries after it down rated another 22 in January when the financial crisis decreased the financial power of companies in all regions.

Most countries were down rated by one step, while those countries most affected by the crisis, like Spain, Great Britain and Ireland dropped by two steps. Only some countries like India, Brazil, China maintained their rating. Coface rated Romania with A4- in early 2007 after it managed to maintain its rating to A4 since 2005.