Economy avoids 'junk' rating as S&P maintains outlook
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Standard & Poor's has affirmed the country's rating at BBB- and maintained a negative outlook, preventing a downgrade to 'junk' status. This decision, which assumes Romania will present a credible fiscal plan for 2027-2028, was met with reactions from various political figures, including caretaker Prime Minister Ilie Bolojan, Minister of Finance Alexandru Nazare, and President Nicușor Dan, who called for continued efforts and cautioned against complacency.
In political developments, the Social Democratic Party (PSD) has withdrawn its request to annul 11 government decisions. Meanwhile, caretaker Prime Minister Ilie Bolojan was questioned as a witness by the National Anticorruption Directorate (DNA) in Iași for two and a half hours, concerning an audience he granted to businessman Fănel Bogos. The country continues to navigate a political crisis, with President Nicușor Dan having nominated three prime ministers-designate since May, including Siegfried Mureșan, whose proposed cabinet recently failed a confidence vote.
Other news includes discussions on the impact of non-EU workers, ongoing trials related to alleged rigging of EU tenders, and the confirmation of Gică Hagi as the coach for the national football team despite a recent significant loss.