The government welcomes Romania’s rating by major rating agencies as a sign of trust for investors.

International rating agency Standard & Poor’s reconfirmed Romania’s sovereign rating at BBB- for the long and short term debts in local and hard currency, as well as its stable outlook. Romania’s rating is underpinned by its status as a member of the European Union and robust access to funding from international capital markets. Also, the risks generated by the conflict in Ukraine are attenuated by the prospect of absorbing a significant amount of EU funds under the EU Multiannual Financial Framework and the Recovery and Resilience Facility and the country’s low energy dependence on imports of natural gas and oil from Russia. The report of S…