“Despite a healthy recovery of the Romanian economy, the corporate sector is still fragile,” said Yves Zlotowski, chief economist with the ratings agency.
The Romanian authorities forecast an economic growth of around 2.1% in 2014, from an increase of 3.5% a year earlier.
Speaking at the Coface Country Risk Conference, Zlotowski said the speed and quality of economic growth in Romania relies heavily on infrastructure and on the business environment.
Coface has left its sovereign rating on Romania unchanged at “B”, meaning local companies pose a significant risk of defaulting on their own debt.
Romania has been under a ‘B’ rating since June 2009.