EU entrants enjoy ‘halo’ effect

European Union member countries with low credit ratings, such as Romania and Bulgaria, will continue to benefit disproportionately from the EU halo effect, according to a report by Moody’s Investors Service.

Romania and Bulgaria, which joined at the start of this year, each have Baa credit ratings. The “halo effect” of EU membership means new EU entrants tend to see their credit ratings climb, due to the improved institutional and legal environment, which reduces financial risk.

However, the rep

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: