Ratings: Foreign and Local Currency: BBB-/Stable/A-3 For further details see ratings list. Amid continuing political volatility, Romania's economy has boomed due to ongoing strong fiscal policy stimulus, leading to elevated fiscal and current account deficits. Even though fiscal and external flows have been deteriorating for two years, moderate debt levels provide an important buffer. We are therefore affirming our 'BBB-/A-3' ratings on Romania and maintaining a stable outlook. On March 2, 2018, S&P Global Ratings affirmed its 'BBB-/A-3' long- and short-term foreign and local currency sovereign credit ratings on Romania. The outlook is stable. The stable outlook reflects our expectation that, although Romania's twin deficits will remain elevated as a result of the government's procyclical fiscal stance, general government and
