Romania's political stalemate intensifies rating pressure ahead of S&P review
Romania's failure to form a new government has intensified pressure on its investment-grade credit rating, coinciding with a rapid increase in public debt and testing fiscal sustainability.
Romania’s failure to form a new government on Wednesday has increased pressure on its investment-grade credit rating, as a five-month political impasse collides with a rapid build-up in public debt that is testing the limits of fiscal sustainability.