The rating agency Standard&Poor’s reconfirmed yesterday the ‘BB+’ rating for Romania’s long-term bonds in foreign and local currency and the ‘B’ rating for the short-term bonds in foreign and local currency, with stable outlook, the Ministry of Public Finance informs.
The financial rating agency added that the rating of Romania is supported by the government’s commitment to continuing the considerable process of fiscal consolidation and to support economic growth by attracting foreign direct investments (FDI). Standard&Poor’s analysts mentioned that, starting 2009, the budget deficit experienced a continuous decrease and economic growth will consolidate during 2013 – 2015.
