Investors betting on Romania 's downgrade lost as S and P keeps rating at BBB-
Investors had rushed to judgment ahead of the agency: five-year insurance against default on Romanian debt, known as a credit default swap (CDS), was already the most expensive among more than 60 investment-grade countries tracked by Bloomberg, while the yield on two-year leu-denominated bonds, at 6.52%, was the highest in the European Union (EU), as BURSA reported on September 28.