On Friday, October 15, Moody’s unexpectedly changed the outlook on Romania’s government from “negative” to “stable” despite “policy inconsistency resulting from unstable government coalitions”, reports Romania Insider.

The international rating agency bases its new report card on Romania’s robust growth potential underpinned by a dynamic private sector, the European Union’s Recovery and Resilience Facility and the expectation of a consistent and sustained fiscal consolidation strategy. Hence the outlook improvement is based on expectations rather than on an improvement in the existing conditions, writes Romania Insider.