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Bucharest
May 16, 2022
BUSINESS

Chitoiu: Standard and Poor’s rating – very good

Deputy Prime Minister and Finance Minister Daniel Chitoiu said in Targu Mures, on Friday, that the Standard & Poor’s reconfirmation of Romania’s ‘BB+’ rating for long-term bonds issued in foreign and local currencies and the ‘B’ rating for short-term bonds in foreign and local currency, with stable outlook, is very good, HotNews notes. Chitoiu also stressed that international and Romanian financial markets, as well as investors had gained trust in the USL Government as ‘they saw that this Government is a strong political government, one with ministers of professional competence and also a government supported by an unprecedented political majority in the Romanian Parliament.’  Regarding a new precautionary agreement with the IMF, the official said the Government wanted to negotiate its conditions and targets considering a different standard of development of Romania. ‘Both the premier and I have said Romania still wanted an agreement with the international financial institutions, of course after the IMF Board approves in July, the letter of intent and we can conclude the agreement under the conditions accepted in relation with the international financial institutions.

We intend to negotiate the conditions and targets of a new precautionary agreement with the international financial institutions based on different plans and standard of development of Romania,’ the minister of finance further noted.

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