”Dacă România intră în junk, pentru cursul leu-euro se rupe filmul!” - Adrian Codîrlașu, CFA România - Economica.net

Romania's country rating downgrade could lead to currency instability rather than higher interest rates, warns Adrian Codirlașu. The S&P delegation has two days to reassess Romania's economic outlook before the October 2, 2026 decision. The leu has appreciated 20% in real terms over the past four years, but could depreciate significantly if the downgrade occurs. Recent market activity shows foreign investors liquidating positions in leu, anticipating negative rating outcomes. The euro has reached historic highs against the leu, with the National Bank of Romania reporting a reference rate of 5.2788 lei/euro, the highest ever recorded.