Former minister Dinel Miruță credits government for Romania's steady S&P rating
Former defence and transport minister Radu Dinel Miruță praised the government on Facebook after Standard & Poor’s kept Romania’s sovereign rating at BBB-/.
After Standard & Poor’s announced that Romania’s sovereign rating remains at BBB-/, former minister Radu Dinel Miruță used his Facebook account to applaud the government’s recent policies. He argued that the agency’s choice validates the fiscal reforms implemented in the last twelve months, highlighting a transition from wasteful spending to responsible budgeting. Miruță gave credit to ordinary citizens who continue to work and to the administration for changing the fiscal rulebook.
He further criticized the practice of granting benefits before elections, saying such measures shift costs to the post-election period and hinder a healthy economy. The rating agency noted that Romania stays in the investment-grade category but warned that any significant fiscal deterioration could trigger a downgrade.
Why it matters
The rating influences investor confidence and borrowing costs for Romania’s government and businesses.
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