“Should the country’s pick up, we may see a positive country rating outlook,” said Cristian Ionescu (photo), Coface Romania, Bulgaria and Slovakia.

The major challenges Romania will face in 2010 are closely linked to the political instability which can lead to a failure of meeting IMF conditionality or to poor governmental programs and inadequate economic and financial policies.

Some of the challenges ahead for the country, as mentioned by Coface are unemployment rate increase, tight lending and a decline in FDI inflow.