S&P Global has warned Romania that its sovereign credit rating could be downgraded if the government impasse continues, becoming the first major rating agency to formally respond to the parliamentary dismissal of the government through a no-confidence motion.

S&P Global Agency reconfirmed Romania's sovereign rating at BBB-/A-3, keeping the country in the investment-grade category. The agency cited fiscal progress and deficit reduction in early 2026 from prior consolidation measures, but warned that failure to reduce the budget deficit further in 2027 could trigger a downgrade.