期刊名称：Ovidius University Annals: Economic Sciences Series
电子版ISSN：2393-3127
出版年度：2011
卷号：11
期号：1
语种：English
出版社：Ovidius University Press
摘要：The sovereign credit risk rating for Romania had significant changes in the 1996 – 2008 periods,from category B- with negative perspective,as the lowest level,to BBB-,with positive perspective. The objective of this paper is to explain the importance of sovereign rating for Romania in the crisis context. The first part of the article is a short presentation of the sovereign rating literature regarding the concept and the risk sources. The second part highlights the relation between foreign currency long-term sovereign rating,foreign direct investment and debt cost. The paper find evidence that sovereign rating influences capital inflows and debt cost.
关键词：sovereign rating;rating agencies;foreign direct investment;credit spreads
