London (Standard&Poor's) October 2, 2009--Standard&Poor's Ratings Services said today that the break-up of the government coalition in Romania (foreign currency BB+/Negative/B, local currency BBB-/Negative/A-3) has no immediate impact on the sovereign credit ratings. Despite a tense intra-coalition environment since the general elections in 2008--and particularly ahead of the upcoming presidential elections--the government has so far successfully implemented the country's IMF/EU program, which is reflected in the completion of the first review and subsequent disbursements. Following yesterday's departure of the Social Democrat Party (PSD) from the Democratic Liberal Party (DLP) led coalition, the latter may seek support among the current opposition parties or eventually call early elections. If the current situation leads to political gridlock, such that
