Japanese rating agency JCR reconfirms Romania’s rating

Japanese rating agency JCR has maintained a stable outlook on Romania and has reconfirmed the BBB/BBB+ rating for the country’s long-term debt in foreign and local currency, according to the Finance Ministry. The agency’s decision is mainly supported by the outlook of a solid economic growth, the moderate inflation rate increase, and low level of government debt. The agency expects the budget deficit to remain below 3% of the GDP and the government debt to stay below 40% this year. Earlier this year, the rating agency Fitch Ratings has confirmed Romania’s ratings for its long-term debt in foreign and local currency to "BBB minus" with a stable outlook. "BBB minus" is the lowest "investment grade" rating, namely it is recommended for investments. editor@romania-insider.com