LONDON (Standard&Poor's) April 5, 2007--Standard&Poor's Ratings Services said today it revised its outlook on the Republic of Romania to stable from positive. At the same time, the 'BBB-/A-3' foreign currency and 'BBB/A-3' local currency sovereign credit ratings on Romania were affirmed. "The outlook revision reflects the protracted lack of political visibility since the beginning of 2007," said Standard&Poor's credit analyst Remy Salters. "This comes at a time when policy challenges remain significant, both in relation to the structural reforms required to make the most of EU membership, and to the containment of growing demand-driven external imbalances." EU accession ushered in a period of heightened political uncertainty in Romania. Multiple tensions, both within the executive
