Moody's changes Romania's outlook to stable from negative

Ratings

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Moody's Investors Service said it has changed the outlook on Romania to stable from negative and affirmed the 'Baa3' foreign and domestic long-term issuer and senior unsecured ratings.

One of the key drivers for the change of the outlook to stable is the country's solid economic growth prospects, which will rely on dynamic private sector and use of Next Generation EU funds, Moody's said on Friday evening in a press release.

Also on Friday, S&P Global maintained Romania's outlook to stable, while affirming its long-term foreign and local currency issuer default ratings (IDR) at 'BBB'.

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