Investors had rushed to judgment ahead of the agency: five-year insurance against default on Romanian debt, known as a credit default swap (CDS), was already the most expensive among more than 60 investment-grade countries tracked by Bloomberg, while the yield on two-year leu-denominated bonds, at 6.52%, was the highest in the European Union (EU), as BURSA reported on September 28.
Investors betting on Romania and #39;s downgrade lost as S and P keeps rating at BBB-
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Investors had rushed to judgment ahead of the agency: five-year insurance against default on Romanian debt, known as a credit default swap (CDS), was already the most expensive among more than 60 investment-grade countries tracked by Bloomberg, while the yield on two-year leu-denominated bonds, at 6.52%, was the highest in the European Union (EU), as BURSA reported on September 28.
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