Ratings agency Moody's Investors Service has changed the outlook on Romania’s Baa3 government bond rating from negative to stable. Moody’s has also affirmed Romania's Baa3/P-3 government bond ratings.

The key drivers for the outlook change were: the “expectation that the improvement in Romania's macro-economic indicators in 2013 will be sustained” and “the decline in risks to Romania's growth and external financing outlook owing to a recovery in the euro area, with which Romania has strong links,” according to Moody’s.

Romania's local-currency bond and bank deposit ceilings and long-term foreign-currency ceiling all remain at A3, and the long-term foreign-currency bank deposit ceiling remains Baa3.

editor@romania-insider.com