“The ratings are primarily supported by the country’s solid growth prospect, improving external position and a low level of government debt. On the other hand, factors constraining the ratings include its financial system still in the process of improving,” JCR said in a statement Monday.
Following the fiscal relaxation measures adopted by the new government, JCR expects the Romanian government to keep the budget deficit below 3% of GDP, given a low level of public debt, below 40% of GDP.