Coface Keeps Romania Rating Unchanged At “B”

Romania and neighbor Bulgaria have been under "B" rating since June 2009.

According to Coface analysts, Romania's economy will see a meager grow in the second half of 2011, after a decline estimated at 1.5% this year.

Exports and industry are bound to fuel short-term economic recovery, while the country's macroeconomic stability is closely tied to the government's ability to manage a series of austerity measures aimed at fending off the effects of the recession.

"Household consumption and consumer confidence will remain low, while the unemployment rate is estimated to rise further," said Ciprian Ionescu, Coface country cluster manager for Romania, Bulgaria and Slovakia.

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