ֳ

Entity

Romania

EU Issued, UK Endorsed; Solicited by or on behalf of the issuer (sell side)

ESG Relevance
1
2
3
4
5

01Ratings

RatingActionDateType
BBB-Affirmed21-Feb-2025Long Term Issuer Default Rating
F3Affirmed21-Feb-2025Short Term Issuer Default Rating
BBB-Affirmed21-Feb-2025Local Currency Long Term Issuer Default Rating
F3Affirmed21-Feb-2025Local Currency Short Term Issuer Default Rating
BBB+Affirmed21-Feb-2025Country Ceiling
Ratings KeyOutlookWatch
Positive
Negative
Evolving
Stable 

* Ratings displayed in orange denotes EU or UK Unsolicited and Non-Participatory Ratings

Where there was a review with no rating action (Review – No Action), please refer to the “Latest Rating Action Commentary” for an explanation of key rating drivers

*Premium Content is displayed in ֳ Red

Rating History

Date :21-Feb-202517-Dec-202430-Aug-202401-Mar-202408-Sep-202324-Mar-202307-Oct-202208-Apr-202222-Oct-202123-Apr-202130-Oct-202001-May-202017-Apr-202008-Nov-201910-May-201916-Nov-201806-Jul-201812-Jan-201814-Jul-201720-Jan-201722-Jul-201622-Jan-201621-Aug-201527-Feb-201505-Sep-201407-Mar-201413-Sep-201318-Apr-201328-Jun-201204-Jul-201109-Aug-201002-Feb-201005-Jun-200910-Nov-200831-Jan-200828-Sep-200731-Aug-200614-Dec-200522-Nov-200517-Nov-200423-Aug-200418-Dec-200324-Sep-200330-Oct-200214-Jun-200214-Nov-200116-Nov-200021-Sep-200022-Dec-199924-Mar-199923-Dec-199823-Sep-199811-Sep-199706-Mar-1996
Rating :BBB-BBB-BBB-BBB-BBB-BBB-BBB-BBB-BBB-BBB-BBB-BBB-BBB-BBB-BBB-BBB-BBB-BBB-BBB-BBB-BBB-BBB-BBB-BBB-BBB-BBB-BBB-BBB-BBB-BBB-BB+BB+BB+BB+BBBBBBBBBBBB-BBB-BBB-BBBBBB-BB-B+BBB-B-B-BBB-BB-BB-
Action :AffirmedAffirmedAffirmedAffirmedAffirmedAffirmedAffirmedAffirmedAffirmedAffirmedAffirmedReview - No ActionAffirmedAffirmedAffirmedAffirmedAffirmedAffirmedAffirmedAffirmedAffirmedAffirmedAffirmedAffirmedAffirmedAffirmedAffirmedAffirmedAffirmedUpgradeAffirmedRevision OutlookAffirmedDowngradeRevision OutlookAffirmedUpgradeRevision IDRAffirmedUpgradeRevision OutlookUpgradeRating Watch OnUpgradeUpgradeAffirmedUpgradeRevision OutlookAffirmedDowngradeDowngradeAffirmedAffirmedNew Rating

02Rating Actions

03Insights

Rating Report / Thu 27 Feb, 2025

Romania

Rating Report / Tue 24 Dec, 2024

Romania

Rating Report / Thu 12 Sep, 2024

Romania

Rating Report / Mon 11 Mar, 2024

Romania

Rating Report / Thu 14 Sep, 2023

Romania

Rating Report / Thu 30 Mar, 2023

Romania

Rating Report / Tue 18 Oct, 2022

Romania

04Sector Outlooks

05Securities and Obligations

Filter
Sort by
Rated Entity / Debt  
Ratings  
Entity Details  
Debt Type & Identifiers  
Other Details  
Issuer: Romania
Debt Level: senior unsecured
Issue: EUR 600 mln 4.125% bond/note 11-Mar-2039
21-Feb-2025
BBB-
Affirmed
Long Term Rating

Rating History
Country: Romania
Sectors: Sovereigns
Disclosures: EU Issued, UK Endorsed; Solicited by or on behalf of the issuer (sell side)
senior unsecured; bond/note
ISIN: XS1892127470 (Public)
Maturity Date: 11-Mar-2039
Currency: EUR
Amount: 600,000,000
Coupon Rate: 4.125%
Placement: Public
Issuer: Romania
Debt Level: senior unsecured
Issue: EUR 1.5 bln 2.875% bond/note 28-Oct-2024
28-Oct-2024
NR
Matured
Long Term Rating

Rating History
Country: Romania
Sectors: Sovereigns
Disclosures: EU Issued, UK Endorsed;
senior unsecured; bond/note
ISIN: XS1129788524 (Public)
Maturity Date: 28-Oct-2024
Currency: EUR
Amount: 1,500,000,000
Coupon Rate: 2.875%
Placement: Public
Issuer: Romania
Debt Level: senior unsecured
Issue: EUR 1.15 bln 2% bond/note 08-Dec-2026
21-Feb-2025
BBB-
Affirmed
Long Term Rating

Rating History
Country: Romania
Sectors: Sovereigns
Disclosures: EU Issued, UK Endorsed; Solicited by or on behalf of the issuer (sell side)
senior unsecured; bond/note
ISIN: XS1934865251 (144A)
ISIN: XS1934867547 (Reg S)
Maturity Date: 08-Dec-2026
Currency: EUR
Amount: 1,150,000,000
Coupon Rate: 2%
Placement: 144A
Issuer: Romania
Debt Level: senior unsecured
Issue: EUR 90 bln program - medium term note
21-Feb-2025
BBB-
Affirmed
Long Term Rating

Rating History
Country: Romania
Sectors: Sovereigns
Disclosures: EU Issued, UK Endorsed; Solicited by or on behalf of the issuer (sell side)
senior unsecured; program - medium term note
Currency: EUR
Amount: 90,000,000,000
Placement: Public
Issuer: Romania
Debt Level: senior unsecured
Issue: EUR 2 bln 3.875% bond/note 29-Oct-2035
21-Feb-2025
BBB-
Affirmed
Long Term Rating

Rating History
Country: Romania
Sectors: Sovereigns
Disclosures: EU Issued, UK Endorsed; Solicited by or on behalf of the issuer (sell side)
senior unsecured; bond/note
ISIN: XS1312891895 (144A)
ISIN: XS1313004928 (Reg S)
Maturity Date: 29-Oct-2035
Currency: EUR
Amount: 2,000,000,000
Coupon Rate: 3.875%
Placement: 144A
Issuer: Romania
Debt Level: senior unsecured
Issue: EUR 1.25 bln 3.375% bond/note 08-Feb-2038
21-Feb-2025
BBB-
Affirmed
Long Term Rating

Rating History
Country: Romania
Sectors: Sovereigns
Disclosures: EU Issued, UK Endorsed; Solicited by or on behalf of the issuer (sell side)
senior unsecured; bond/note
ISIN: XS1768074319 (Reg S)
ISIN: XS1768074749 (144A)
Maturity Date: 08-Feb-2038
Currency: EUR
Amount: 1,250,000,000
Coupon Rate: 3.375%
Placement: Reg S
Issuer: Romania
Debt Level: senior unsecured
Issue: EUR 1.15 bln 2.875% bond/note 11-Mar-2029
21-Feb-2025
BBB-
Affirmed
Long Term Rating

Rating History
Country: Romania
Sectors: Sovereigns
Disclosures: EU Issued, UK Endorsed; Solicited by or on behalf of the issuer (sell side)
senior unsecured; bond/note
ISIN: XS1892141620 (Public)
Maturity Date: 11-Mar-2029
Currency: EUR
Amount: 1,150,000,000
Coupon Rate: 2.875%
Placement: Public
Issuer: Romania
Debt Level: senior unsecured
Issue: EUR 500 mln 3.5% bond/note 03-Apr-2034
21-Feb-2025
BBB-
Affirmed
Long Term Rating

Rating History
Country: Romania
Sectors: Sovereigns
Disclosures: EU Issued, UK Endorsed; Solicited by or on behalf of the issuer (sell side)
senior unsecured; bond/note
ISIN: XS1970549561 (Reg S)
ISIN: XS1970549728 (144A)
Maturity Date: 03-Apr-2034
Currency: EUR
Amount: 500,000,000
Coupon Rate: 3.5%
Placement: 144A
Issuer: Romania
Debt Level: senior unsecured
Issue: EUR 2 bln 2.375% bond/note 19-Apr-2027
21-Feb-2025
BBB-
Affirmed
Long Term Rating

Rating History
Country: Romania
Sectors: Sovereigns
Disclosures: EU Issued, UK Endorsed; Solicited by or on behalf of the issuer (sell side)
senior unsecured; bond/note
ISIN: XS1599193072 (144A)
ISIN: XS1599193403 (Reg S)
Maturity Date: 19-Apr-2027
Currency: EUR
Amount: 2,000,000,000
Coupon Rate: 2.375%
Placement: 144A
Issuer: Romania
Debt Level: senior unsecured
Issue: EUR 2 bln 2.875% bond/note 26-May-2028
21-Feb-2025
BBB-
Affirmed
Long Term Rating

Rating History
Country: Romania
Sectors: Sovereigns
Disclosures: EU Issued, UK Endorsed; Solicited by or on behalf of the issuer (sell side)
senior unsecured; bond/note
ISIN: XS1420357318 (NA)
ISIN: XS1420492792 (144A)
Maturity Date: 26-May-2028
Currency: EUR
Amount: 2,000,000,000
Coupon Rate: 2.875%
Placement: 144A
Page
of 14
Loading...

06Disclosures

Original Rating Date
Long Term Issuer Default Rating06-Mar-1996
Short Term Issuer Default Rating06-Mar-1996
Local Currency Long Term Issuer Default Rating11-Sep-1997
Local Currency Short Term Issuer Default Rating22-Jul-2016
Country Ceiling17-Jun-2004
Endorsement Status
EU Issued, UK Endorsed
Country of ֳ Office
GERMANY
Solicitation Status
Long Term Issuer Default RatingSolicited - Sell Side
Short Term Issuer Default RatingSolicited - Sell Side
Country CeilingSolicited - Sell Side
Local Currency Long Term Issuer Default RatingSolicited - Sell Side
Local Currency Short Term Issuer Default RatingSolicited - Sell Side
Country of Analyst
GERMANY

07Identifiers

Type:CUSIPCUSIP
Identifier:77586R77586T

08Criteria

24Oct
2024
Active Criteria
Sovereign Rating Criteria
24Jul
2023
Active Criteria
Country Ceiling Criteria
06Apr
2023
Expired Criteria
Sovereign Rating Criteria - Effective from 6 April 2023 to 24 October 2024
11Jul
2022
Expired Criteria
Sovereign Rating Criteria - Effective from 11 July 2022 to 6 April 2023
26Apr
2021
Expired Criteria
Sovereign Rating Criteria - Effective from 26 April 2021 to 11 April 2022
More Criteria

09Analysts

Greg Kiss
Primary Rating Analyst

Erich Arispe Morales
Secondary Rating Analyst

Credit-Relevant ESG Scale

How relevant are E, S and G issues to the overall credit rating?

5
Highly relevant, a key rating driver that has a significant impact on the rating on an individual basis. Equivalent to "higher" relative importance within Navigator.
4
Relevant to rating, not a key rating driver but has an impact on the rating in combination with other factors. Equivalent to "moderate" relative importance within Navigator
3
Minimally relevant to rating, either very low impact or actively managed in a way that results in no impact on the entity rating. Equivalent to "lower" relative importance within Navigator.
2
Irrelevant to the entity rating but relevant to the sector.
1
Irrelevant to the entity rating and irrelevant to the sector

* ESG Relevance is applicable for international scale ratings only

Ratings KeyOutlookWatch
Positive
Negative
Evolving
Stable 

* Ratings displayed in orange denotes EU or UK Unsolicited and Non-Participatory Ratings

Where there was a review with no rating action (Review – No Action), please refer to the “Latest Rating Action Commentary” for an explanation of key rating drivers

*Premium Content is displayed in ֳ Red