Major risks for Romania would be, according to Richard Hunter, Group Manging Director of Fitch Ratings Agency, the return of inflation, any slowdown of the public companies reform or delay of privatizations.

"Rekindling inflation, any slowdown of the reform or public companies or of privatizations, foreign currency loans and bad loans are threats to Romania. If foreign currency loans will rise, although we think they will drop, it is possible that would have a negative effect ", explained Fitch representative.

Otherwise, Fitch will not revise the qualifications of Romania in the next 18 to 24 months, because the general outlook is stable, Richard Hunter told AGERPRES on Tuesday.

"We review country ratings every year. We reviewed Romania's rating in July last year. We should have a new review somewhere until July. Romania currently has a stable outlook rating. Stable means that we do not operate an increase or decrease of the ratings in the following 18 to 24 months", Hunter said.

Richard Hunter attended the Annual Conference of Commercial Risk Management, organized by ICAP Group, in Bucharest.

In July 2011, Fitch has improved Romania's rating for long-term loans in foreign currency from "BB +" to "BBB-" and the long-term loans in lei was revised positively, from "BBB-" to "BBB". Also, the rating for short-term loans was changed from "B" to "F3".

The outlook associated with long-term ratings was kept at stable.