March 18 (SeeNews) - Japan Credit Rating Agency (JCRA) has upgraded the outlook on Romania's long-term government debt in foreign currency and local currency, from BBB-/BBB to BBB/BBB+ stable, the finance ministry said on Friday. "The rating agency's decision confirms the developments and the prospects for the Romanian economy and, very importantly, that the deficit target can be achieved in the context of fiscal relaxation measures, given the forecast significant growth and revenue collection," finance minister Anca Dragu said.
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