The decision of financial rating agency Fitch Ratings regarding Romania's sovereign credit rating and country outlook will be officially released on July 31, 2026, the Ministry of Finance announced.

As part of the procedure for reviewing Romania's sovereign credit rating, institution representatives took part on Tuesday in technical discussions with the agency's specialists.

According to a release of the Finance Ministry, the meeting is part of the series of consultations carried out by the agency with Romania's main economic institutions and aimed at presenting recent economic developments, the fiscal consolidation strategy and the economic outlook for the coming period.

During the discussions, Finance Ministry officials presented a detailed analysis of macroeconomic developments in the first half of 2026, the outlook for 2027, the fiscal policy, the budget execution for the first five months of 2026, public-debt management and the status of EU-funds absorption.

'Romania maintains its firm commitment to fiscal consolidation and macroeconomic stability, continuing the consistent implementation of adjustment measures and of the reforms agreed with the European Commission. Maintaining the country rating is mandatory for Romania's financial stability in this period. The rating is not just a technical indicator: it influences investor confidence, the costs borne by the entire economy and the state's capacity to finance investments and public services. That is why dialogue with the rating agencies must be supported by credible data, implemented reforms and a predictable fiscal-budgetary trajectory,' said acting Finance Minister Alexandru Nazare, as cited in the release.

Finance officials emphasized that the fiscal consolidation measures adopted starting in 2025 are already producing visible effects on budget revenues.

On the expenditure side, the budget execution for the first five months of 2026 confirms that spending-containment measures are working as planned. The lower level of public-sector wage costs and social-assistance spending reflects the rigorous implementation of the fiscal-consolidation strategy, the release notes.

The Finance Ministry delegation also underlined the importance of maintaining a fast pace of EU-funded investments as a key pillar supporting economic activity and offsetting short-term adjustment effects.

'In line with this, EU funds represent an essential engine for the economy in this period. In the first five months of the year, EU funds and resources under the National Recovery and Resilience Plan directly covered approximately 71% of total public investment. Ministry representatives assured that sustained efforts continue to finalize the reforms and investments committed under the NRRP, as well as to accelerate absorption under the 2021 - 2027 Multiannual Financial Framework and to operationalize the SAFE program. Regarding public-debt management, Finance Ministry representatives showed that the 2026 financing plan is proceeding according to the established calendar. The Romanian side reaffirmed that the medium-term priority remains improving the sustainability of public finances, increasing collected revenues and accelerating infrastructure projects that boost Romania's economic competitiveness,' the document adds.

All three major rating agencies (S&P Global Ratings, Moody's and Fitch) currently assign a 'negative' outlook to Romania's sovereign rating, placing the country one step away from the 'junk' (non-investment-grade) category. AGERPRES (RO - writing by: Andreea Marinescu; EN - writing by: Simona Klodnischi)