Moody's affirms Romania's fragile rating but urges sustained fiscal consolidation

International rating agency Moody's on September 12 affirmed Romania's Baa3 sovereign rating with a negative outlook, pointing to the risks related to the implementation of the fiscal consolidation measures through 2026 and the urgency for the government to present a detailed plan for continued deficit reduction also in 2027 and beyond.

"[W]e remain firmly committed to ensuring the stability of public finances and the gradual reduction of the deficit, to strengthen the resilience of the Romanian economy but also to lay the foundations for a healthy economic growth of Romania," commented minister of finance Alexandru Nazare in response to Moody's release.