{"id":707075,"date":"2026-08-07T16:16:04","date_gmt":"2026-08-07T16:16:04","guid":{"rendered":"https:\/\/microscopemedia.com\/?p=707075"},"modified":"2026-08-07T16:16:04","modified_gmt":"2026-08-07T16:16:04","slug":"un-nou-examen-pentru-romania-moodys-anunta-in-aceasta-seara-verdictul-asupra-ratingului-de-tara","status":"publish","type":"post","link":"https:\/\/microscopemedia.com\/?p=707075","title":{"rendered":"Un nou examen pentru Rom\u00e2nia. Moody\u2019s anun\u021b\u0103 \u00een aceast\u0103 sear\u0103 verdictul asupra ratingului de \u021bar\u0103"},"content":{"rendered":"<div class=\"sgb-google-buttons\">\n<div class=\"display-flex justify-center google-logo\"><img decoding=\"async\" loading=\"lazy\" class=\"mg-x-auto\" width=\"30\" height=\"30\" src=\"https:\/\/microscopemedia.com\/wp-content\/uploads\/2026\/08\/un-nou-examen-pentru-romania-moodys-anunta-in-aceasta-seara-verdictul-asupra-ratingului-de-tara.png\" alt><\/div>\n<\/p><\/div>\n<p id=\"p-0\">Decizia Moody\u2019s vine la numai o s\u0103pt\u0103m\u00e2n\u0103 dup\u0103 ce Fitch Ratings a men\u021binut ratingul suveran al Rom\u00e2niei la \u201eBBB-\u201d, de asemenea ultima treapt\u0103 din categoria \u201einvestment grade\u201d, cu perspectiv\u0103 negativ\u0103.<\/p>\n<p id=\"p-1\">Miza este ridicat\u0103: la Moody\u2019s, o cobor\u00e2re cu o treapt\u0103, de la Baa3 la Ba1, ar \u00eensemna trecerea ratingului acordat Rom\u00e2niei \u00een categoria speculativ\u0103.<\/p>\n<p id=\"p-2\">\u00cen pia\u021b\u0103 \u0219i la nivelul autorit\u0103\u021bilor este a\u0219teptat\u0103 \u00eens\u0103 men\u021binerea ratingului.<\/p>\n<p id=\"p-3\">Unul dintre principalele argumente ale Rom\u00e2niei \u00een fa\u021ba Moody\u2019s <strong>este \u00eembun\u0103t\u0103\u021birea execu\u021biei bugetare<\/strong>, gestionat\u0103 de Ministerul Finan\u021belor condus de Alexandru Nazare.<\/p>\n<p id=\"p-4\">\u00cen primul semestru din 2026, deficitul bugetar a cobor\u00e2t la 2% din PIB, de la 3,64% din PIB \u00een perioada similar\u0103 din 2025, respectiv de la 69,8 miliarde la aproximativ 41 de miliarde de lei. Veniturile statului au crescut cu peste 10%, \u00een timp ce cheltuielile au avansat cu mai pu\u021bin de 1% \u00een termeni nominali.<\/p>\n<h2 id=\"chapter-0\">Bolojan, optimist \u00eenaintea verdictului Moody\u2019s<\/h2>\n<p id=\"p-5\">Premierul interimar Ilie Bolojan a transmis chiar \u00een ziua evalu\u0103rii c\u0103 datele privind bugetul arat\u0103 c\u0103 m\u0103surile luate pentru reducerea deficitului au \u00eenceput s\u0103 produc\u0103 rezultate.<\/p>\n<p id=\"p-6\">\u201eExecu\u021bia bugetar\u0103 pe primul semestru a confirmat c\u0103 guvernul a f\u0103cut ceea ce a fost necesar \u0219i corect. Veniturile au fost colectate mai bine, cheltuielile sunt mai mici, iar deficitul este \u00een sc\u0103dere\u201d, a transmis Bolojan.<\/p>\n<p id=\"p-7\">Deficitul bugetar s-a situat la aproximativ 2% din PIB \u00een primele \u0219ase luni ale anului, o evolu\u021bie semnificativ mai bun\u0103 dec\u00e2t \u00een perioada similar\u0103 din 2025. Acest indicator a c\u00e2nt\u0103rit \u0219i \u00een evaluarea Fitch de la sf\u00e2r\u0219itul lunii iulie. Agen\u021bia estimeaz\u0103 pentru \u00eentregul an 2026 un deficit de aproximativ 5,9% din PIB.<\/p>\n<p id=\"p-8\">Situa\u021bia politic\u0103 r\u0103m\u00e2ne \u00eens\u0103 principalul punct vulnerabil. Moody\u2019s avertiza \u00eenc\u0103 de la finalul lunii iunie c\u0103 incertitudinea politic\u0103 poate afecta procesul de consolidare fiscal\u0103 \u0219i implementarea reformelor \u0219i investi\u021biilor din PNRR. Agen\u021bia sublinia atunci c\u0103 \u00eent\u00e2rzierile \u00een formarea unui guvern stabil ar putea pune \u00een pericol progresele f\u0103cute p\u00e2n\u0103 acum.<\/p>\n<h2 id=\"chapter-1\">Rom\u00e2nia se afl\u0103 la un pas de categoria speculativ\u0103 la toate marile agen\u021bii<\/h2>\n<p id=\"p-9\">Rom\u00e2nia are \u00een prezent ratinguri aflate pe ultima treapt\u0103 recomandat\u0103 investi\u021biilor la cele trei mari agen\u021bii interna\u021bionale.<\/p>\n<p id=\"p-10\">Moody\u2019s evalueaz\u0103 Rom\u00e2nia la Baa3, Fitch la BBB-, iar Standard &amp; Poor\u2019s la BBB-. Perspectivele asociate ratingurilor sunt negative.<\/p>\n<p id=\"p-11\">Fitch a confirmat pe 31 iulie ratingul \u201eBBB-\u201d, \u00eens\u0103 a atras aten\u021bia asupra riscurilor generate de instabilitatea politic\u0103 \u0219i asupra dificult\u0103\u021bii continu\u0103rii reducerii deficitului dup\u0103 2026. Urm\u0103toarea evaluare important\u0103, dup\u0103 Moody\u2019s, este cea programat\u0103 de Standard &amp; Poor\u2019s pentru 2 octombrie.<\/p>\n<p id=\"p-12\">Verdictul Moody\u2019s este a\u0219teptat \u00een cursul serii de vineri.<\/p>\n<p id=\"p-13\">\u00cen cazul statelor europene, deciziile apar frecvent spre finalul serii, \u00een jurul orelor 22:00-24:00, ora Rom\u00e2niei, uneori chiar dup\u0103 miezul nop\u021bii. De exemplu, precedenta decizie important\u0103 privind Rom\u00e2nia, din 14 martie 2025, a devenit public\u0103 \u00een jurul miezului nop\u021bii, ora Bucure\u0219tiului.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Decizia Moody\u2019s vine la numai o s\u0103pt\u0103m\u00e2n\u0103 dup\u0103 ce Fitch Ratings a men\u021binut ratingul suveran al Rom\u00e2niei la \u201eBBB-\u201d, de asemenea ultima treapt\u0103 din categoria \u201einvestment grade\u201d, cu perspectiv\u0103 negativ\u0103. &hellip; <a href=\"https:\/\/microscopemedia.com\/?p=707075\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":707076,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"Default","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/microscopemedia.com\/index.php?rest_route=\/wp\/v2\/posts\/707075"}],"collection":[{"href":"https:\/\/microscopemedia.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/microscopemedia.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/microscopemedia.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/microscopemedia.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=707075"}],"version-history":[{"count":0,"href":"https:\/\/microscopemedia.com\/index.php?rest_route=\/wp\/v2\/posts\/707075\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/microscopemedia.com\/index.php?rest_route=\/wp\/v2\/media\/707076"}],"wp:attachment":[{"href":"https:\/\/microscopemedia.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=707075"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/microscopemedia.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=707075"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/microscopemedia.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=707075"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}