Standard & Poor’s Ratings Services Friday upgraded Romania’s rating to BBB-, a notch above junk status, citing the fiscal consolidation and progress in reducing foreign debt.
The leu opened at 4.435 to the euro, similar with 4.43/4.431 per euro at Thursday close.
At around 10:15 local time, the national currency traded at 4.428/4.4315 against the euro.
Thursday, the central bank set the leu’s a reference rate at 4.4349 units, up 0.15% from 4.4415 units a day earlier. Against the US dollar, the leu’s indicative lost 0.2% to 3.2468 units.
In the money market Friday morning, overnight rates were at 0.8%-1.5% a year.