{"id":716265,"date":"2026-10-02T20:16:03","date_gmt":"2026-10-02T20:16:03","guid":{"rendered":"https:\/\/microscopemedia.com\/?p=716265"},"modified":"2026-10-02T20:16:03","modified_gmt":"2026-10-02T20:16:03","slug":"agentia-de-rating-standardpoors-mentine-ratingul-romaniei-pe-ultima-treapta-recomandata-investitiilor-romania-evita-astfel-pentru-moment-retrogradarea-in-categoria-junk","status":"publish","type":"post","link":"https:\/\/microscopemedia.com\/?p=716265","title":{"rendered":"Agen\u021bia de rating Standard&Poor\u2019s men\u021bine ratingul Rom\u00e2niei pe ultima treapt\u0103 recomandat\u0103 investi\u021biilor. Rom\u00e2nia evit\u0103, astfel, pentru moment retrogradarea \u00een categoria \u201ejunk\u201d"},"content":{"rendered":"
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Calificativul BBB- este ultima treapt\u0103 din categoria \u201einvestment grade\u201d. O retrogradare cu o singur\u0103 treapt\u0103 ar fi \u00eempins Rom\u00e2nia \u00een categoria speculativ\u0103, cunoscut\u0103 \u00een pie\u021be drept \u201ejunk\u201d, \u0219i ar fi putut pune presiune suplimentar\u0103 asupra costurilor de finan\u021bare ale statului.<\/p>\n

S&P avea deja Rom\u00e2nia cu perspectiv\u0103 negativ\u0103 \u00eenaintea evalu\u0103rii de vineri, ceea ce semnala posibilitatea unei retrograd\u0103ri dac\u0103 situa\u021bia fiscal\u0103 \u0219i institu\u021bional\u0103 s-ar fi deteriorat.<\/p>\n

Rom\u00e2nia a trecut toate marile evalu\u0103ri din 2026<\/h2>\n

Decizia S&P \u00eenchide seria principalelor evalu\u0103ri programate ale Rom\u00e2niei din acest an.<\/p>\n

La finalul lunii iulie, Fitch a men\u021binut Rom\u00e2nia pe ultima treapt\u0103 recomandat\u0103 investi\u021biilor \u0219i perspectiva negativ\u0103. Agen\u021bia a avertizat \u00eens\u0103 c\u0103 instabilitatea politic\u0103 reduce vizibilitatea asupra politicilor fiscale dup\u0103 2026. Reuters relata atunci c\u0103 Rom\u00e2nia evitase la limit\u0103 o retrogradare, pe fondul unei reduceri a deficitului mai puternice dec\u00e2t fusese anticipat.<\/p>\n

\u00cen august, \u0219i Moody\u2019s a p\u0103strat Rom\u00e2nia \u00een categoria \u201einvestment grade\u201d.<\/p>\n

S&P \u00eencheie acum seria celor trei mari teste f\u0103r\u0103 ca Rom\u00e2nia s\u0103 piard\u0103 statutul recomandat investitorilor.<\/p>\n

Asta nu \u00eenseamn\u0103 \u00eens\u0103 c\u0103 pericolul a disp\u0103rut.<\/p>\n

Urm\u0103torul examen va fi \u00een 2027<\/h2>\n

Toate cele trei mari agen\u021bii de rating au atras aten\u021bia asupra nivelului ridicat al deficitului \u0219i datoriei \u0219i asupra necesit\u0103\u021bii continu\u0103rii ajust\u0103rii bugetare.<\/p>\n

B\u0103ncile de investi\u021bii avertizaser\u0103 chiar \u00eenaintea deciziei S&P c\u0103 men\u021binerea ratingului \u00een aceast\u0103 toamn\u0103 nu \u00eenseamn\u0103 automat c\u0103 riscul unei retrograd\u0103ri a disp\u0103rut.<\/p>\n

Citi avea ca scenariu de baz\u0103 p\u0103strarea Rom\u00e2niei \u00een categoria recomandat\u0103 investi\u021biilor la evaluarea S&P din 2 octombrie, dar vedea un risc mai ridicat de retrogradare \u00een primul trimestru din 2027 dac\u0103 procesul de consolidare fiscal\u0103 \u00eencetine\u0219te.<\/p>\n

Fitch a transmis la r\u00e2ndul s\u0103u c\u0103 instabilitatea politic\u0103 poate afecta eforturile de reducere a deficitului dup\u0103 2026.<\/p>\n

Ce \u00eenseamn\u0103 evitarea ratingului \u201ejunk\u201d<\/h2>\n

P\u0103strarea ratingului recomandat investi\u021biilor este important\u0103 \u00een primul r\u00e2nd pentru finan\u021barea statului.<\/p>\n

O parte dintre marii investitori institu\u021bionali au reguli care limiteaz\u0103 expunerea la obliga\u021biuni aflate \u00een categoria speculativ\u0103. Pierderea calificativului \u201einvestment grade\u201d la mai multe agen\u021bii poate reduce baza de investitori \u0219i poate cre\u0219te presiunea asupra randamentelor cerute Rom\u00e2niei pentru a se \u00eemprumuta.<\/p>\n

Rom\u00e2nia are deja un necesar mare de finan\u021bare, iar necesarul brut de finan\u021bare dep\u0103\u0219e\u0219te 10% din PIB, \u00een condi\u021biile \u00een care costurile cu dob\u00e2nzile au crescut.<\/p>\n

\u0218tire \u00een curs de actualizare\u2026 <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Calificativul BBB- este ultima treapt\u0103 din categoria \u201einvestment grade\u201d. O retrogradare cu o singur\u0103 treapt\u0103 ar fi \u00eempins Rom\u00e2nia \u00een categoria speculativ\u0103, cunoscut\u0103 \u00een pie\u021be drept \u201ejunk\u201d, \u0219i ar fi … Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":716266,"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\/716265"}],"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=716265"}],"version-history":[{"count":0,"href":"https:\/\/microscopemedia.com\/index.php?rest_route=\/wp\/v2\/posts\/716265\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/microscopemedia.com\/index.php?rest_route=\/wp\/v2\/media\/716266"}],"wp:attachment":[{"href":"https:\/\/microscopemedia.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=716265"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/microscopemedia.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=716265"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/microscopemedia.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=716265"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}