Romanian Government welcomes the fact that the rating agency Standard & Poor's reconfirmed today, May 9, 2013, Romania's rating at "BB+" for long-term bonds issued in foreign and local currency, and rating at "B" for short term bonds issued in foreign and local currency with a stable outlook.
Standard & Poor's attributes this rating to the Government's commitment to continuing the significant fiscal consolidation process while maintaining a much moderate current account deficit than in previous years and the Executive’s preoccupation with stimulating economic growth by attracting foreign direct investment. S & P expects a sustained consolidation of economic growth during 2013-2015.
S & P decision confirms that of Fitch, that in mid-April, maintained Romania‘s long-term foreign currency credit rating to "BBB-" with a stable outlook. At that time, Fitch appreciated at the 'BBB' the long-term local currency credit rating of Romania, namely to 'F3', the short-term credit rating.