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For the first time in 3 years, Fitch Ratings has raised Romania's credit rating to investment grade...BBB-...still the lowest investment grade... but with a "stable outlook."
Bucharesti has tried to cut its budget deficit as the nation emerges from a two-year recession.
Moody’s also gives Romania comparable Baa3... while Standard & Poor’s rates the country’s debt BB+, its highest speculative grade.
