Fitch Ratings has put Romania’s long-term foreign currency issue default rating (IDR) at ‘BBB-‘ with a negative outlook, the agency said in a statement. The negative outlook reflects “continued uncertainty regarding the implementation of policies to address structural fiscal imbalances” over the medium term and the impact of the Ukraine war and energy crisis on Romania’s economic, fiscal and external performance, the agency said. Fitch Ratings expects Romania’s GDP growth to slow down to 2.1% in 2022 (from 5.9% in 2021), primarily reflecting a slowdown in private consumption and exports. Investment dynamics is expected to accelerate in 2023, which combined with the assumption of a normalisation of external trade and supply chains, will lift economic growth to 4.8%, the agency also said.
Eugen Cojocariu
