Romania finance minister sees no chance of ratings downgrade this year
ReutersFeb 1, 2025 10:13 AM
BUCHAREST, Feb 1 (Reuters) - Romania's finance minister said on Saturday he saw no chance of a ratings agency downgrade to below investment level this year even as fiscal overspend and a cancelled presidential election prompted Fitch and S&P to cut the country's outlook to negative.
Asked about the risk of a downgrade for Romania, which is rated at the lowest investment level by all three main ratings agencies, Finance Minister Barna Tanczos told reporters: "That is out of the question, looking at ... the 2025 budget and government commitment to lower the deficit to 7% (of economic output)."
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