FRANKFURT (S&P Global Ratings) May 8, 2025—Following the defeat of his party's candidate in the first round of presidential elections, Romanian Prime Minister Ciolacu has resigned, and his party has withdrawn from the government coalition. Regardless of the outcome of the second round of presidential elections on May 18, S&P Global Ratings believes policymaking in Romania will become more fragmented, less stable, and less effective over the next few months, which could lead to weaker growth, fiscal, and external outcomes than our already pessimistic assumptions. Our 'BBB-' sovereign ratings on Romania have a negative outlook. Romania, April 14, 2025 Romania 'BBB-/A-3' Ratings Affirmed; Outlook Revised To Negative From Stable On Higher Fiscal And External Risks, Jan. 24, 2025 Economic Research:
