The Finance Minister expects a favorable rating from S&P


The Standard & Poor’s rating agency (S&P) will publish a final report in a few days and will be a very good conclusion for Romania, although the lack of a budget for nearly a quarter creates problems in the foreign market, Finance Minister Eugen Teodorovici said at a TV channel.

The Finance Minister said the budget for the current year is based on an economic growth forecast of 5.5% and also reminded that from 2016 to the present, economic growth exceeded 30%, according to Agerpres.

On March 2, Standard & Poor’s (S&P) confirmed its long-term and short-term foreign currency and local currency ratings at “BBB minus/ A-3” and announced that the rating outlook will be postponed for two weeks. The Agency delayed the prospect at the government’s request, one of the reasons being the amendments to GEO 114/2018.


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