Romanian Leu Drops After S&P Downgrades Foreign-Currency Debt

By Yon Pulkrabek

Oct. 27 (Bloomberg) -- The Romanian leu tumbled against the euro to trade at its lowest level since Oct. 17 after Standard & Poor's cut the nation's foreign-currency debt rating to junk.

The leu weakened as much as to 3.5 percent to trade at 3.7700 per euro as of 5 p.m. in Bucharest today.

To contact the reporter on this story: Yon Pulkrabek in Prague at ypulkrabek@bloomberg.net