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S&P lowers Hidroelectrica outlook to negative
Standard & Poor's said it revised its outlook to negative from stable on S.C. Hidroelectrica SA.
At the same time, the agency said it affirmed its BB long-term foreign and local currency corporate ratings.
The outlook revision reflects the possibility of worsening macroeconomic conditions in the Republic of Romania (foreign currency BB+/negative/B; local currency BBB-/negative/A-3) on the back of mounting risks to Romania's real economy due to rising private sector leverage and dependency on uncertain external financing, S&P said.
S&P added that its assessment of Hidroelectrica does not incorporate any explicit state support and is not directly linked to the sovereign.
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