...OVERVIEW 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 '###-/A-3' ratings on Romania and maintaining a + stable outlook. RATING ACTION On March 2, 2018, S&P Global Ratings affirmed its '###-/A-3' long- and short-term foreign and local currency sovereign credit ratings on Romania. The outlook is stable. OUTLOOK 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 external debt will increase only gradually over the next two years, barring a major economic slowdown....
