Robust medium-term growth, broad policy continuity, absorption of substantial EU funds, and still-moderate public debt anchor the rating. Elevated fiscal deficits and external imbalances given high current account deficits are challenges.

EU membership, strong medium-term growth potential and moderate public debt support the ratings. Structural budget and current account deficits and moderate reserve coverage remain rating challenges.

Fiscal consolidation reforms and enhanced political stability drive the Outlook change while structural budget and current account deficits remain core ratings challenges.

Deteriorating public finances and limited external reserves drive the Negative Outlook. EU membership, high growth potential, and moderate public as well as external debt levels support Romania’s BBB- ratings.

The continued deterioration of fiscal performance and weak debt trajectory drive the downgrade. Sustained policy uncertainty underscores the Negative Outlook. The country’s high growth potential and moderate levels of debt support the BBB- rating.

The rating is supported by Romania’s EU membership and its convergence-process underpinned by high growth rates. Pro-cyclical budgetary policies, re-emerging vulnerabilities to short-term shocks and institutional weaknesses underpin the Negative Outlook.