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The downgrading of the outlook of Romania's rating by Standard & Poor's was made because of the budget slippage that appeared, motivated by the excessive spending and the poor budget made by the previous government, President Klaus Iohannis said on Thursday.
Standard & Poor's (S&P) has worsened the outlook of Romania's rating from stable to negative, due to the increase in the deficit, and has confirmed the rating "BBB- / A-3" for long and short-term debt in foreign currency and local currency
