Moody's: Romania's rating, in accordance to past 10 year's economic evolution

Analysts of Moody's Investors service said Romania's ratings are supported by progress in applying economic structural reforms, which led to Romania's EU accession in January 2007. The ratings are also supported by the low government debt and high foreign liquidity. However, government's ratings show there are several challenges related to the country's transition to market economy, wide current account deficit and foreign debt increase in recent years, according to Moody's. 

"Romania's EU membership encouraged higher investments and microeconomic restructuring, which led to sounder and more stable economic growth," Moody's Vice-president and analyst Kenneth Orchard said. In spite of significant progress made in recent years, Romania still lags behind Western European counties and several decades will be needed to narrow that gap, he added. (NewsIn)