S&P confirms Romania's BBB- rating, keeps negative outlook

Business Forum
S&P Global Ratings has reconfirmed Romania's sovereign debt rating at BBB-/A-3 for long-term and short-term debt on 3 April 2026, while maintaining the negative outlook.

The decision confirms Romania's classification in the investment grade category and reflects, according to the agency, the authorities' continued fiscal consolidation efforts amid internal and external economic challenges.

"The reconfirmation of Romania's sovereign rating demonstrates international agencies' confidence in the authorities' capacity to continue fiscal consolidation and maintain macroeconomic stability," said Alexandru Nazare, Finance Minister. "Our priority remains the sustainable reduction of the budget deficit, continuing structural reforms and capitalising on investments financed from European funds, to strengthen investor confidence and support medium-term economic growth."

According to the agency's assessment, the budget deficit is estimated to reduce to 6.5% of GDP in 2026 and to 5.5% of GDP in 2027, compared to 7.7% in 2025, based on fiscal adjustment measures already implemented. Meanwhile, investments financed from European funds continue to represent an important factor supporting economic growth.

The report highlights that Romania's economy is experiencing moderate growth, with an estimated advance of 0.25% in 2026, with the growth rate expected to improve in the 2027-2029 period to an average of approximately 2.5%. The agency also notes Romania's strategic advantages, such as reduced dependence on energy imports (approximately 30%), one of the lowest in the European Union, offering protection against price volatility caused by international geopolitical conflicts.

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Business Forum  |  22 May, 2026 at 10:00 AM
Business Forum  |  22 May, 2026 at 8:00 AM