US rating agency S&P Global Ratings has decided to maintain Romania's rating at BBB-/A-3, with a stable outlook.

This is the rating related to Romania’s government debt on the short and long term in both foreign and local currency. The results were supported by a moderate government debt, as well as the perspective of maintaining the economic growth pace.

“The stable outlook reflects the balance between the likelihood of Romania's twin deficits widening on the one hand, and Romania's modest government and external debt on the other," the rating agency states.

"Despite the likely widening of Romania's budget and external deficits, we don't expect that government and external debt will rise significantly and think that unpredictability will subside after the elections.”

The low level of interest rates and oil prices have contributed to an economic growth of 3.8% last year and 5.2% in the first half of 2016, which was the fastest growth in the European Union, according to the Romanian Finance Ministry.

editor@romania-insider.com