Moody reconfirms the Baa3 rating for Romania’s long term debt

Georgiana Bendre 24/04/2017 | 12:48

Financial evaluation agency Moody reconfirmed the Baa3 rating for Romania’s long term debt and the stable perspective given by the rating agency, says the Ministry of Public Finance.

The rating agency maintains the Baa3 rating for the long term debt and P-3 for the short term debt, changing the perspective to stable from positive, similarly with the level given by the rating agencies Standard & Poor’s, Fitch and JCRA.

„The sustainable economic growth, the improvement of the financial evaluation framework and the continuation of the structural reforms, as well as the low level, will contribute to the future improvement of the rating from Romania,” says Viorel Stefan, the minister of the Public Finances.

This year all four agencies of financial evaluation reconfirmed Romania’s ratings.

Two weeks ago Standard & Poor’s reconfirmed the rating for the Government debt of Romania to BBB-/A-3 for the long and short term debt in foreign and local currency, with stable perspective.

At the end of March also the Japan Credit Rating Agency (JCR) maintained the stable perspective and the reconfirmation of the country rating for Romania (BBB/BBB+) for the long term debt in foreign and local currency.

The Fitch Ratings agency confirmed the ratings for the long term debt in local and foreign currency of Romania to “BBB-“.

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