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Japan Credit Rating reconfirms Romania’s rating
29.03.2013, 14:40 | Finance-Banks | 2027 views
Rating agency Japan Credit Rating reconfirmed Romania’s BBB- rating with a stable outlook, for long-term liabilities issued in foreign currency, and also the BBB rating with a stable outlook for long-term liabilities issued in local currency, according to the website of the Ministry of Public Finance (MFP). Romania’s rating is justified primarily by reducing the budget deficit through structural reforms, low public debt and maintaining of commitments under the Stand-By Agreement with the International Monetary Fund. Analysts of Japan Credit Rating believe that the gross domestic product of Romania will register an increase of 1-2 percent in the years 2013 and 2014, based on the positive expectations related to the evolution ofexports after the European economic recovery, as well as based on increases in domestic demand and investments of from EU funds. Read more on Financiarul.ro
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