Standard&Poor's announced on Monday that it maintains the BBB-/A-3 rating for credits in convertible currencies and the 'BBB/A-3 rating for credits in RON (Romanian Leu), with a negative perspective for all credits in Romania.
"Maintaining the ratings for Romania was determined by the strong growth, the low level of the governmental debt and the European Union member statute", said Marko Mrsnik, Standard & Poor's analyst.
The weaknesses of the Romanian economy are the overheating signals, the fiscal policy and the RON depreciation, along with the foreign trade deficit.
Foreign investments covered less and less of the foreign trade deficit, dropping to 50% in 2007, while the interior demand and the rapid growth of credits continue.
The national currency, RON, lost 20% to euro since August 2007, a fact that may contribute, after all, to sustaining the support of current account deficit, which reached 14% in 2007.
Despite all measures, the current account deficit will remain over 10% until the end of 2010. Standard&Poor's announced on Monday that it maintains the BBB-/A-3 rating for credits in convertible currencies and the 'BBB/A-3 rating for credits in RON (Romanian Leu), with a negative perspective for all credits in Romania.
"Maintaining the ratings for Romania was determined by the strong growth, the low level of the governmental debt and the European Union member statute", said Marko Mrsnik, Standard & Poor's analyst.
The weaknesses of the Romanian economy are the overheating signals, the fiscal policy and the RON depreciation, along with the foreign trade deficit.
Foreign investments covered less and less of the foreign trade deficit, dropping to 50% in 2007, while the interior demand and the rapid growth of credits continue.
The national currency, RON, lost
