Bolojan, ahead of the Fitch decision: political instability creates a worrying outlook

Prime Minister Ilie Bolojan stated in an interview with Digi24 that Romania's current situation is the result of "PSD's recent actions", which "create a worrying outlook". The statement came after he was asked whether he was concerned about the decision by the Fitch rating agency, which was due to announce on Friday whether it would downgrade Romania to "junk" status, a category considered unsuitable for investment.

Bolojan explained that any rating assessment takes into account three elements: what has happened up to the date of the evaluation, political stability, and the outlook for the 2027–2028 period. He recalled that Romania entered 2025 from a "very difficult position" and that the government had committed to deficit corrections vis-à-vis the European Commission and creditors, which it had honoured thus far.

The Prime Minister noted that, from spring onwards, problems emerged related to delays in budget approval, caused by the scandals generated by the Social Democratic Party, as well as repeated postponements and, subsequently, the fall of the government. He described this course of action as "irresponsible", saying: "when you demolish something without putting anything in its place, it means you have not considered the crisis context in which you find yourself".

Bolojan also criticised the public rhetoric suggesting that reforms "do not mean staff reductions, do not mean spending cuts", stressing that fiscal imbalances of 20–30% in expenditure, accumulated over several years, cannot be corrected "without any social cost".

When asked directly whether he expected Romania's rating to be downgraded, the Prime Minister replied that he had not said as much, but emphasised that political instability, combined with statements to the effect that "everything that has been done was wrong", that "there is money to raise salaries", or that "there is money to be collected", could create a "worrying outlook" regarding future developments.

"It is obviously not good to be in the situation we are in. But we have ended up here not through any fault of mine, but as a result of the actions taken by the Social Democratic Party in recent times," Bolojan concluded.