S&P Confirms Romania at BBB- with Negative Outlook; Minister Warns of Insufficient Progress

S&P reconfirmed Romania's sovereign rating at 'BBB-' with a negative outlook, citing fiscal commitments and EU fund absorption. Finance Minister Alexandru Nazare acknowledged the result but stressed it is insufficient, with a credible 2027 budget and continued deficit reduction as key goals. The negative outlook signals persistent fiscal risks, and the market impact is limited as the rating action was expected.