分析师预计未来12个月（至2026年9月）的通胀率将升至7.18%。虽然较上月略有上升，但 63%的 受访者认为通胀率将低于当前水平，显示市场对物价走势的预期逐渐稳定。 在汇率方面，88%的受访者预计罗马尼亚列伊将在未来一年内继续贬值。未来6个月平均预期汇率：1欧 元兑 5.1216 列伊；未来12个月平均预期汇率：1欧元兑 5.1841 列伊对于信用评级展望，83%的分析师认 为罗将在未来12个月内维持投资级评级，仅少数人预期将被下调至"非投资级"（垃圾级）。 （原标题：罗马尼亚9月宏观经济信心指数停滞，经济衰退风险仍未消退） 罗马尼亚特许金融分析师协会（CFA Romania）发布最新调查结果显示，2025年9月宏观经济信心 指数环比仅微升0.3个点，暗示经济活动可能进入放缓甚至衰退阶段。根据调查结果，CFA宏观经济信 心指数的两个分项表现分化：预期指数上升2.8%至 37.0%，显示部分分析师对未来一年经济前景略趋乐 观；现状指数则下降 4.8%至38.6%，表明对当前经济环境的信心继续走弱。 CFA罗马尼亚协会会长表示："当前宏观信心水平依然预示经济可能进入衰退区间。尤其值得注意 的是，预算赤字预期较 ...

Core Viewpoint - XPO's debt rating was affirmed by Moody's with an upward adjustment of its outlook to positive from stable, indicating a potential for future rating upgrades [1][2]. Group 1: Rating and Outlook - Moody's affirmed XPO's Corporate Family Rating (CFR) at Ba2 and Probability of Default rating at Ba2-PD [2]. - The positive outlook from Moody's contrasts with S&P Global's recent downgrade of XPO's debt from BB+ to BB, which maintains a stable outlook [3][4]. Group 2: Reasons for Outlook Change - Moody's positive outlook is based on expectations of a slow recovery in freight markets and operational changes implemented by XPO, which are anticipated to improve profitability and maintain credit metrics despite industry challenges [5][6]. - Moody's expects XPO's operating performance to improve by 2026, driven by cost reduction initiatives and growth from the acquisition of terminals from Yellow Corporation [6]. Group 3: Market Conditions - Moody's anticipates a slow recovery in key transport areas, including freight volumes and spot pricing, over the next year [7].