S&P Global Ratings has reaffirmed Romania's negative rating.

The rating agency S&P Global Ratings reaffirmed, on Friday, Romania's government debt rating at BBB-/A-3, both for long-term and short-term debt, maintaining the negative outlook. The Ministry of Finance emphasized that this decision reflects the ongoing efforts of the authorities to strengthen fiscal policy in the face of internal and external economic challenges. The Minister of Finance, Alexandru Nazare, stated that the priority remains the reduction of the budget deficit and the continuation of structural reforms. According to estimates, the budget deficit could decrease to 6.5% of GDP in 2026 and to 5.5% in 2027, while Romania's economy could grow by 0.25% in 2026, with an improvement in the growth rate during the period 2027-2029.

S&P highlighted the risks related to international energy markets and inflation, but also Romania's strategic advantages, such as reduced dependence on energy imports. The negative outlook reflects the risks associated with fiscal consolidation measures and external developments, and an improvement in this outlook could occur following a reduction in the deficit and a revival of economic growth.