How is the sovereign risk score calculated?

A statistical model scores each economy from published inputs — government debt and fiscal balance, current account and external debt, GDP per capita and growth, inflation, reserves and governance — on a 0–100 scale where 100 is the strongest credit. It is re-run as the inputs update.

Where can I get the data?

Through the Makrognosis API: GET /v1/credit/RO returns the score history and inputs; /v1/credit/universe lists every economy.

Romania Credit Rating & Sovereign Risk Score

Name: Romania Credit Rating & Sovereign Risk Score
Creator: Makrognosis

Model scoreCode CREDIT:RO

Model score60 / 1009 Nov 2026

Grade equivalentBBBmodel-implied

BandInvestment grade0–100 scale, 100 = strongest

Rank46th of 84economies scored

Makrognosis sovereign credit model scores Romania at 60 out of 100 as of 9 November 2026, equivalent to BBB on the familiar letter scale — investment grade.

The score is unchanged from the previous assessment on 1 October 2026.

That places Romania 46th of the 84 economies the model scores; Russia has the highest score at 100.

Key inputs include government debt of 59.4% of GDP, a fiscal balance of −7.8% of GDP, a current account balance of −7.4% of GDP.

This is a model-implied assessment built from official macroeconomic data. It is not a credit rating issued by S&P, Moody's or Fitch, and agency ratings are not reproduced here.

Romania sovereign credit score (0–100), 18 Jun 2026 – 9 Nov 2026. Source: Makrognosis sovereign credit model.

Score history

Assessment date	Score	Grade equivalent
9 November 2026	59.5	BBB
1 October 2026	59.5	BBB
31 July 2026	59.5	BBB
30 July 2026	59.7	BBB
26 July 2026	60.9	BBB
21 June 2026	59.9	BBB
18 June 2026	62.3	BBB

Get the Romania sovereign risk score in your code

Score, grade equivalent and inputs for 84 economies. Free tier available.

curl -H "X-API-Key: $MAKROGNOSIS_KEY" \
  "https://makrognosis.robomacro.com/v1/credit/RO"

# Python
import requests
r = requests.get("https://makrognosis.robomacro.com/v1/credit/RO",
                 headers={"X-API-Key": KEY})
score = r.json()["headline"]["score_0_100"]

Get a free API key → · API docs

What drives the score

The model's published inputs for Romania, from official national and international statistics.

Input	Value	Vintage
GDP per capita	US$23,246	2026
Real GDP growth, 5-year average	3.0%	2026
Inflation, recent average	8.4%	2026
Government debt	59.4% of GDP	2026
Fiscal balance	−7.8% of GDP	2026
Current account balance	−7.4% of GDP	2026
Foreign-exchange reserves	5.5 months of imports	2026
Net international investment position	−43.7% of GDP	2026
Governance (World Bank WGI composite)	0.291	2026

How Romania compares

#	Economy	As of	Score
1	Russia	9 Nov 2026	100
2	Turkey	9 Nov 2026	100
3	Denmark	9 Nov 2026	98
4	Switzerland	9 Nov 2026	96
5	Netherlands	9 Nov 2026	95
41	South Africa	9 Nov 2026	64
42	Grenada	9 Nov 2026	63
43	Greece	9 Nov 2026	63
44	Indonesia	9 Nov 2026	61
45	Kuwait	9 Nov 2026	60
46	Romania	9 Nov 2026	60
47	Hungary	9 Nov 2026	59
48	Ghana	9 Nov 2026	59
49	Argentina	9 Nov 2026	58
50	Panama	9 Nov 2026	58
51	Trinidad and Tobago	9 Nov 2026	57
52	Bulgaria	9 Nov 2026	57

All 84 economies ranked →

Romania economic indicators

Romania GDP (Gross Domestic Product)Romania Gross domestic product, Current prices, million EUR Romania Inflation Rate (CPI)Romania Core Inflation Rate Romania Unemployment Rate Romania 10-Year Government Bond Yield Romania Industrial Production Romania Retail Sales Romania Producer Price Inflation (PPI)Romania Current account balance (BPM6, vs rest of world), not seasonally adjusted Romania Current account balance, % of GDP Romania Trade Balance: Goods & Services Romania Exports of goods and services, Current prices, million EUR Romania Exports of goods and services, chain-linked volume Romania Exports of goods, total trade (World), seasonally adjusted Romania Imports of goods and services, Current prices, million EUR

FAQ

What is Romania's credit rating?: Makrognosis sovereign credit model scores Romania at 60/100 as of 9 November 2026, equivalent to BBB (investment grade). This is a model-implied assessment built from official macroeconomic data. It is not a credit rating issued by S&P, Moody's or Fitch, and agency ratings are not reproduced here.
How is the sovereign risk score calculated?: A statistical model scores each economy from published inputs — government debt and fiscal balance, current account and external debt, GDP per capita and growth, inflation, reserves and governance — on a 0–100 scale where 100 is the strongest credit. It is re-run as the inputs update.
Where can I get the data?: Through the Makrognosis API: GET /v1/credit/RO returns the score history and inputs; /v1/credit/universe lists every economy.

This is a model-implied assessment built from official macroeconomic data. It is not a credit rating issued by S&P, Moody's or Fitch, and agency ratings are not reproduced here.

Last assessed 2026-11-09. Source: Makrognosis sovereign credit model.