German Minister: A New Financial Crisis Poses a Threat to the World Economy
The world economy is facing the risk of a new financial crisis, warned German Finance Minister Wolfgang Schauble, quoted by the electronic edition Politico.
Fitch Lowers Bulgaria, Romania's Credit Ratings
Business | November 10, 2008, Monday // 00:00
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The international credit ratings agency Fitch lowers Monday the credit rating of Bulgaria and Romania, BGNES reported.
Bulgaria's rating is decreased from BBB to BBB-, whereas Romania's is down by two levels - from BBB to BB+. This places Bulgaria's northern neighbor in the list of countries where it is not beneficial to invest at the moment.
Fitch also lowered the credit rankings of two other Eastern European states - Hungary's was decreased from BBB+ to BBB, whereas Kazakhstan's is down to BBB- from BBB.
Bulgaria's rating is decreased from BBB to BBB-, whereas Romania's is down by two levels - from BBB to BB+. This places Bulgaria's northern neighbor in the list of countries where it is not beneficial to invest at the moment.
Fitch also lowered the credit rankings of two other Eastern European states - Hungary's was decreased from BBB+ to BBB, whereas Kazakhstan's is down to BBB- from BBB.
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