Rating agencies cannot ignore Romania's successful issue of bonds to the international markets and the fact that it continued to have economic growth in the first quarter of the year, the Minister of Public Finance Florin Citu told an interview with AGERPRES.
In regard to a possible downgrade of the country rating, the Minister of Finance said a decision like this would show its consequences in the long run.
"I don't even want to consider it. A downgrade of the rating, especially as we still have a rating today that recommends us for investments, a downgrade of the rating, then, would generate problems not in the short run, because in the short run we can manage, we have resources, but it would have an impact in the long run on Romania. Plus that Romania has already been avoided by the investors in the past couple of years because of the socialist governments that chased them away. For we did have clear statements and measures that made the investors leave our country. We don't need this. This government showed that it created a friendly economic environment for the local and international investors both and we don't want to change this image. I don't even want to think what consequences this would bring, we will see," said Florin Citu.