By Jerom Bolt
Standard & Poor's (S & P) confirmed ratings for the long-term and short-term debt in local currency and currency of Romania to "BBB minus / A-3", the associated perspective being announced in two weeks, the agency said in a statement .
Romania's ratings continue to be supported by the moderate level of its external and public private debt and strong growth prospects. In S & P's view, Romania's institutional effectiveness remains weak, however, which constrains ratings.
Although Romania continues to benefit from strong fiscal and external reserves, the agency believes that the significant deepening of fiscal and external deficits could in time affect these buffers, and Romania's economy would become more vulnerable to slowing growth.
"Romania has called for a call to the S & P Glob
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