Looks like Romania’s economy is still not doing very well, primarily due to government mismanagement. From here: The issue ratings on Romania’s senior unsecured foreign and local currency bonds have been affirmed at ‘BBB-‘and ‘BBB’, respectively. The Country Ceiling has been affirmed at ‘BBB+’ and the Short-term foreign currency IDR at ‘F3’. The ratings from Fitch are explained here. Essentially, AAA is the best, then … Continue reading BBB-