LONDON (Standard&Poor's) April 14, 2008--Standard&Poor's Ratings Services today said it had affirmed its 'BBB-/A-3' foreign currency and 'BBB/A-3' local currency sovereign credit ratings on the Republic of Romania. The outlook is negative. "The ratings on Romania are supported by the sovereign's strong growth potential, low general government debt, and EU membership, which provides an anchor to economic policy," Standard&Poor's credit analyst Marko Mrsnik said. "The ratings are constrained, however, by a political environment hindering decisive policy responses in the event of economic challenges. This is a particular constraint given current signs of overheating and the increasingly difficult global credit conditions." Expansionary fiscal and income policies continue to fuel domestic demand, further boosted by rapid
