Rating agency Moody’s on Monday evening downgraded six euro area states, including Italy, Spain and Portugal, and warned downgrades for the “Aaa” ratings of France, Austria and the UK, because of the sovereign debt crisis in Europe.
Romania’s rating was maintained, due to the agreements concluded with the EU, International Monetary Fund and World Bank, as well as the observance of conditions included in these agreements.
The leu opened at 4.347/4.35 against the euro, compared to 4.344/4.3455 at closing the day before.
The central bank set Monday the leu’s reference at 4.3477 per euro, slightly stronger on the day. Against the US dollar, the leu’s indicative won 0.16% to 3.2778 units.
On the money market, overnight rates were staying at 1.75%-2.25% a year.