Japanese rating agency reconfirms BBB/BBB+ rating for Romania

The Japan Credit Rating Agency (JCR) reconfirmed the stable perspective and the BBB/BBB+ rating of Romania for the long term debt in foreign currency, respectively the local currency, according to a Monday press release of the Ministry of Finance.

The agency’s decision is supported firstly by the perspectives of a solid economic growth, which is forecasted by the agency due to the internal demand to a level of approximately 4 percent for 2017 and 2018, even in the conditions of some significant external changes. Also the moderate growth of the inflation, the improvement in the external decision, as well as the Government debt come in the support of the decision.

At the same time, the agency thinks that one of the factors that affects a possible growth of the rating is represented by the financial system, still in development.