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April 19, 2024
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Economy Romanian News

Standard&Poor’s reconfirmed the country rate for Romania at BBB- and stable perspective

The rating agency Standard&Poor’s reconfirmed the stable perspective of the Romanian economy and the grade BBB-/A-3 for the long-term and short term debt in foreign currency and in the local currency, informs the ministry of finances.

Standard&Poor’s mentions the level of inflation of 4.1%, the highest in all the new member states of the EU. All the same, the risk of higher inflation could, in some scenarios, could increase the volatility of the exchange rate with negative consequences for the balances in the public and private sectors, the agency says.

Among the factors which support the decision of the agency are the level of the governmental public debt and the foreign public debt, as well as the economic growth of the last years.

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