Florin Cîțu is a job: Standard & Poor’s and Moody’s have reconfirmed Romania’s rating. The outlook is stable – News by sources

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Florin Cîțu is a job: Standard & Poor’s and Moody’s have reconfirmed Romania’s rating. The outlook is stable – News by sources

The international financial rating agency Standard & Poor’s has reconfirmed Romania’s rating for long-term and short-term debt in foreign currency and national currency at BBB minus / A-3, according to a statement issued by the agency.

The rating outlook is stable.

In April of this year, S&P improved from negative to stable Romania’s rating outlook.

The rating agency Moody’s also reconfirmed on Friday the sovereign rating related to Romania’s government debt at Baa3 / P-3 for long-term and short-term debt in local currency and currency and improved the outlook from negative to stable, informs the Ministry of Finance.

The reconfirmation of Romania’s rating is a proof of the confidence of our external partners in the Government’s ability to implement the reforms undertaken by PNRR, said the interim Minister of Finance, Dan Vîlceanu, after the financial evaluation agencies Moody’s and Standard & Poor’s announced the reconfirmation of ratings.

“The announcements of the two rating agencies represent a signal of confidence in the fiscal consolidation policies, in reaching the assumed targets and in the implementation of the reform and investment measures to which the Romanian Government has committed through the Recovery and Resilience Plan. proof of the confidence of our external partners in the capacity of the Government to implement the reforms undertaken by PNRR “, the Minister of Finance said in a communiqué sent on Friday night to AGERPRES.

The rating agency Moody’s on Friday reconfirmed the sovereign rating of Romania’s government debt at Baa3 / P-3 for long-term and short-term debt in local currency and currency and improved the outlook from negative to stable.

According to the Ministry of Finance, the two key factors underlying Moody’s decision are the strong growth prospects based on dynamic private sector and the use of NGEU funds and expectations that the excessive deficit procedure will act as a key anchor for the fiscal consolidation strategy. consistent and sustained over the next three years.

Also on Friday, Standard & Poor’s decided to reconfirm the sovereign rating of Romania’s government debt to BBB- / A-3 for long-term and short-term debt in local currency and foreign currency, as well as the stable outlook.

According to the rating agency, the risks posed by the still high twin deficits are mitigated by the prospects for implementing the reform program anchored in the recently approved Recovery and Resilience Plan, as well as by the prospects for strong economic growth.

The stable outlook reflects the agency’s expectations for improving Romania’s fiscal position in the coming years, the MoF points out.

Romania benefits from a favorable investment rating from international financial evaluation agencies.

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