Siegfried Mureșan explains why Romania must avoid a downgrade of its sovereign rating

PNL MEP Siegfried Mureșan warns that a possible downgrade of Romania by rating agencies would have direct effects and higher costs for the population than the measures adopted over the past year.

According to him, a change in the rating would significantly alter the country’s relationship with investors. Romania would attract fewer investments, which could lead to a reduction in the number of jobs, while interest rates would rise. At the same time, public debt would become more difficult to repay, and the effects would quickly be felt by every citizen.

“A downgrade means that everything changes in the relationship with investors: fewer investments, fewer jobs, higher interest rates, the debt will be more difficult to repay, and every person would feel this immediately,” the MEP stated.

Mureșan congratulated interim Prime Minister Ilie Bolojan for the “serious work” which, in his view, contributed to maintaining Romania’s rating.

The statement once again draws attention to the importance of rating agency assessments for the state’s financing costs, investors, and the economy.