{"id":2073443,"date":"2026-08-01T18:08:03","date_gmt":"2026-08-01T15:08:03","guid":{"rendered":"https:\/\/analyse.optim.biz\/?p=2073443"},"modified":"2026-08-01T18:08:03","modified_gmt":"2026-08-01T15:08:03","slug":"caz-special-romania-retrogradata-de-fitch-la-junk-apoi-i-am-implorat-si-au-indulcit-verdictul","status":"publish","type":"post","link":"https:\/\/analyse.optim.biz\/?p=2073443","title":{"rendered":"Caz special \u2013 Rom\u00e2nia, retrogradat\u0103 de Fitch la \u201djunk\u201d. Apoi, i-am implorat \u0219i au \u00eendulcit verdictul"},"content":{"rendered":"<p>[analyse_image type=&#8221;featured&#8221; src=&#8221;https:\/\/ortodoxinfo.ro\/wp-content\/uploads\/2026\/08\/ChatGPT-Image-Aug-1-2026-07_28_16-PM-1024&#215;576.pnghttps:\/\/ortodoxinfo.ro\/wp-content\/uploads\/2026\/08\/ChatGPT-Image-Aug-1-2026-07_28_16-PM.png&#8221;]<\/p>\n<article id=\"post-254120\" class=\"post-254120 post type-post status-publish format-standard has-post-thumbnail category-asasinii-tarii\">\n<header class=\"single-header\">\n<aside class=\"breadcrumb-wrap breadcrumb-yoast s-breadcrumb\">\n<div class=\"breadcrumb-inner\"><span><span><a href=\"https:\/\/ortodoxinfo.ro\/\">Prima pagin\u0103<\/a><\/span> \u00bb <span><a href=\"https:\/\/ortodoxinfo.ro\/blog\/\">Blog<\/a><\/span> \u00bb <span class=\"breadcrumb_last\" aria-current=\"page\">Caz special \u2013 Rom\u00e2nia, retrogradat\u0103 de Fitch la \u201djunk\u201d. Apoi, i-am implorat \u0219i au \u00eendulcit verdictul<\/span><\/span><\/div>\n<\/aside>\n<h1 class=\"s-title fw-headline\">Caz special \u2013 Rom\u00e2nia, retrogradat\u0103 de Fitch la \u201djunk\u201d. Apoi, i-am implorat \u0219i au \u00eendulcit verdictul<\/h1>\n<div class=\"single-meta meta-s-default yes-0\">\n<div class=\"smeta-in\"><a class=\"meta-el meta-avatar\" href=\"https:\/\/ortodoxinfo.ro\/author\/redactor\/\"><img loading=\"lazy\" decoding=\"async\" alt=\"OrtodoxINFO\" src=\"https:\/\/secure.gravatar.com\/avatar\/21010332354a182ce4de6016685c5586f21c51866d0ec5bc8ef383240b3c3e02?s=120&amp;r=g\" class=\"avatar avatar-120 photo\" height=\"120\" width=\"120\"><\/a><\/p>\n<div class=\"smeta-sec\">\n<div class=\"p-meta\">\n<div class=\"meta-inner is-meta\"><span class=\"meta-el meta-date\"><time datetime=\"2026-08-01T21:08:03+03:00\">1 august 2026<\/time><\/span><span class=\"meta-el meta-category meta-bold\"><a class=\"meta-separate category-19885\" href=\"https:\/\/ortodoxinfo.ro\/category\/anti-sistem\/anti-romanism\/asasinii-tarii\/\">Asasinii \u021b\u0103rii<\/a><\/span><span class=\"meta-el meta-view\">6.3k vizualiz\u0103ri\t\t<\/span><span class=\"meta-el meta-comment mobile-last-meta tablet-last-meta\"><a href=\"https:\/\/ortodoxinfo.ro\/2026\/08\/01\/caz-special-romania-retrogradata-de-fitch-la-junk-apoi-i-am-implorat-si-au-indulcit-verdictul\/#respond\">Comentarii<\/a><\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"smeta-extra\">\n<div class=\"t-shared-sec tooltips-n has-read-meta is-color\">\n<div class=\"t-shared-header is-meta\"><span class=\"share-label\">Share<\/span><\/div>\n<\/div>\n<div class=\"single-right-meta single-time-read is-meta\"><span class=\"meta-el meta-read\">5 Min Read<\/span><\/div>\n<\/div>\n<\/div>\n<\/header>\n<div class=\"grid-container\">\n<div class=\"s-ct\">\n<div class=\"s-feat-outer\">\n<div class=\"s-feat\">\n<div class=\"featured-lightbox-trigger\" data-source=\"https:\/\/ortodoxinfo.ro\/wp-content\/uploads\/2026\/08\/ChatGPT-Image-Aug-1-2026-07_28_16-PM.png\" data-caption data-attribution><img fetchpriority=\"high\" decoding=\"async\" width=\"860\" height=\"483\" src=\"https:\/\/ortodoxinfo.ro\/wp-content\/uploads\/2026\/08\/ChatGPT-Image-Aug-1-2026-07_28_16-PM-860x483.png\" class=\"attachment-foxiz_crop_o1 size-foxiz_crop_o1 wp-post-image\" alt loading=\"eager\"><\/div>\n<\/div>\n<\/div>\n<div class=\"s-ct-wrap has-lsl\">\n<div class=\"s-ct-inner\">\n<div class=\"l-shared-sec-outer show-mobile\">\n<div class=\"l-shared-sec\">\n<div class=\"l-shared-header meta-text\"><span class=\"share-label\">SHARE<\/span><\/div>\n<\/div>\n<\/div>\n<div class=\"e-ct-outer\">\n<div class=\"entry-top\">\n<div id=\"custom_html-3\" class=\"widget_text widget entry-widget clearfix widget_custom_html\">\n<div class=\"textwidget custom-html-widget\">\n<div><small><br \/>\n    OrtodoxINFO este supus unui sabotaj sistematic din partea reprezentan\u021bilor Google Rom\u00e2nia, at\u00e2t la afi\u0219\u0103ri c\u00e2t \u0219i \u00een rezultatele de c\u0103utare.<br \/>\n        Astfel c\u0103 veniturile din publicitate au sc\u0103zut de p\u00e2n\u0103 la <strong>10 ori<\/strong>. Situa\u021bia este similar\u0103 \u0219i pe Facebook.<\/p>\n<p>        V\u0103 invit\u0103m s\u0103 accesa\u021bi direct site-ul \u0219i s\u0103 v\u0103 abona\u021bi la notific\u0103ri.<\/p>\n<p>    Dac\u0103 dori\u021bi s\u0103 ne sus\u021bine\u021bi \u00een aceast\u0103 perioad\u0103 dificil\u0103, orice <a href=\"https:\/\/ortodoxinfo.ro\/donatii\/\">dona\u021bie<\/a> este binevenit\u0103.<br \/>\n    Dumnezeu s\u0103 v\u0103 r\u0103spl\u0103teasc\u0103!<br \/>\n<\/small><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"entry-content rbct clearfix is-highlight-shares\">\n<div class=\"ruby-table-contents rbtoc table-left table-fw-single-col\">\n<div class=\"toc-header\"><span class=\"h3\">Sumar<\/span><\/div>\n<div class=\"toc-content h5\"><a href=\"https:\/\/ortodoxinfo.ro\/2026\/08\/01\/caz-special-romania-retrogradata-de-fitch-la-junk-apoi-i-am-implorat-si-au-indulcit-verdictul\/#ce-arata-de-fapt-comunicatul-oficial-si-ce-nu-spune-direct\" class=\"table-link no-link anchor-link\" data-index=\"rb-heading-index-0\">Ce arat\u0103, de fapt, comunicatul oficial \u2013 \u0219i ce nu spune direct<\/a><a href=\"https:\/\/ortodoxinfo.ro\/2026\/08\/01\/caz-special-romania-retrogradata-de-fitch-la-junk-apoi-i-am-implorat-si-au-indulcit-verdictul\/#de-ce-a-fost-cit-pe-ce\" class=\"table-link no-link anchor-link\" data-index=\"rb-heading-index-1\">De ce a fost c\u00eet pe ce<\/a><a href=\"https:\/\/ortodoxinfo.ro\/2026\/08\/01\/caz-special-romania-retrogradata-de-fitch-la-junk-apoi-i-am-implorat-si-au-indulcit-verdictul\/#concluzia-neplacuta\" class=\"table-link no-link anchor-link\" data-index=\"rb-heading-index-2\">Concluzia nepl\u0103cut\u0103<\/a><\/div>\n<\/div>\n<p>Rom\u00e2nia a fost retrogradat\u0103 de agen\u021bia Fitch la categoria junk, apoi, caz mai rar, a revenit asupra deciziei \u00een urma unui apel\/rug\u0103minte a guvernului Rom\u00e2niei. Apelul e procesul prin care o entitate contest\u0103 decizia unei agen\u021bii, poate fi ini\u021biat fie de emitent (statul, \u00een cazul nostru), fie de investitori \u0219i e un mecanism formal, prev\u0103zut explicit \u00een procedurile agen\u021biilor, deci nu e un privilegiu special acordat Rom\u00e2niei. Dar se \u00eent\u00eempl\u0103 extrem de rar ca agen\u021biile s\u0103 fie \u00eenduio\u0219ate. Iar faptul c\u0103 agen\u021bia a \u021binut s\u0103 specifice clar aceast\u0103 r\u0103zg\u00eendire \u00een raport e unul ie\u0219it din comun, care sugereaz\u0103 c\u0103 Fitch a vrut s\u0103 se asigure c\u0103 guvernan\u021bii nu vor fi tenta\u021bi s\u0103 se laude cu ne-retrogradarea \u0219i a punctat explicit c\u0103 a fost vorba de o \u201diertare\u201d. India nu a avut norocul nostru \u00een 2020, c\u00eend Moody\u2019s i-a confirmat ratingul Baa3, \u00een ciuda apelului guvernului, care a argumentat c\u0103 ratingul nu reflect\u0103 corect situa\u021bia \u021b\u0103rii. Ghinionul lor, bafta noastr\u0103. P\u00een\u0103 c\u00eend?<\/p>\n<h3 id=\"ce-arata-de-fapt-comunicatul-oficial-si-ce-nu-spune-direct\" class=\"rb-heading-index-0\"><span>Ce arat\u0103, de fapt, comunicatul oficial \u2013 \u0219i ce nu spune direct<\/span><\/h3>\n<p>Fitch confirm\u0103 textual c\u0103 ratingul implicit al emitentului pe termen lung pentru Rom\u00e2nia r\u0103m\u00eene \u201eBBB-\u201d, cu perspectiv\u0103 negativ\u0103. Dar undeva, spre finalul raportului, apare o men\u021biune scurt\u0103 care schimb\u0103 complet povestea: emitentul, adic\u0103 statul rom\u00e2n, a contestat concluziile ini\u021biale ale comitetului de rating \u0219i a depus informa\u021bii suplimentare \u2013 iar aceste informa\u021bii au dus la o decizie final\u0103 diferit\u0103 de cea la care ajunsese ini\u021bial comitetul.<\/p>\n<p>Tradus din limbaj de agen\u021bie de rating: comitetul Fitch a analizat ini\u021bial datele \u0219i a ajuns la concluzia c\u0103 e cazul de retrogradare, av\u00eend \u00een vedere gravitatea problemelor semnalate \u00een restul raportului. Rom\u00e2nia a aflat, a contestat, a mai trimis date, iar decizia final\u0103 a fost alta. Am fost, cu alte cuvinte, salva\u021bi \u00een extremis \u2013 nu pentru c\u0103 economia s-ar fi \u00eendreptat brusc, ci pentru c\u0103 argumentele transmise ulterior au convins comitetul s\u0103 nu apese pe tr\u0103gaci. (Dac\u0103 am fi mali\u021bio\u0219i, am paria c\u0103 a fost vorba de milogeal\u0103 \u00een genunchi).<\/p>\n<h3 id=\"de-ce-a-fost-cit-pe-ce\" class=\"rb-heading-index-1\"><span>De ce a fost c\u00eet pe ce<\/span><\/h3>\n<p>Nu e o presupunere aruncat\u0103 \u00een v\u00eent, pentru c\u0103 tot raportul e construit pe un ton de avertisment sever, iar un mesaj central al Fitch e limpede: criza politic\u0103 rom\u00e2neasc\u0103 e un factor de mare risc financiar cu impact direct asupra costului la care statul se \u00eemprumut\u0103.<\/p>\n<p>Agen\u021bia leag\u0103 explicit perspectiva negativ\u0103 de haosul institu\u021bional: incertitudinea politic\u0103 s-a amplificat dup\u0103 pr\u0103bu\u0219irea guvernului format din patru partide, iar modul \u00een care va fi solu\u021bionat\u0103 aceast\u0103 situa\u021bie r\u0103m\u00eene neclar, scrie \u00een raport. Fitch nu se fere\u0219te s\u0103 spun\u0103 ce \u00eenseamn\u0103 asta pentru bani: evolu\u021biile politice au redus vizibilitatea asupra strategiei fiscale de dup\u0103 2026 \u0219i au \u00eent\u00eerziat aprobarea reformelor r\u0103mase din PNRR, ceea ce ar putea duce la pierderea unor fonduri europene.<\/p>\n<p>Cu alte cuvinte: nu deficitul \u00een sine a fost pe cale s\u0103 ne coste ratingul, ci faptul c\u0103 nimeni \u2013 nici Fitch, nici probabil nimeni din interiorul sistemului \u2013 nu poate spune cine va guverna Rom\u00e2nia peste \u0219ase luni \u0219i cine va face bugetul pe 2027.<\/p>\n<p>Ce \u00eenseamn\u0103, de fapt, \u201eperspectiv\u0103 negativ\u0103\u201d? \u00censeamn\u0103 c\u0103 nu e un motiv de relaxare, ci exact opusul: e un avertisment oficial c\u0103 retrogradarea r\u0103m\u00eene pe mas\u0103. Fitch spune clar ce ar declan\u0219a-o \u2013 neimplementarea unor m\u0103suri suplimentare de consolidare fiscal\u0103, din cauza unui blocaj politic prelungit care \u00eempiedic\u0103 adoptarea politicilor necesare, sau orice efect negativ asupra finan\u021b\u0103rii externe generat de intensificarea tensiunilor politice. Practic, condamnarea \u0219i salvarea vin din acela\u0219i loc: politica, nu economia.<\/p>\n<h3 id=\"concluzia-neplacuta\" class=\"rb-heading-index-2\"><span>Concluzia nepl\u0103cut\u0103<\/span><\/h3>\n<p>Rom\u00e2nia nu \u0219i-a c\u00ee\u0219tigat ratingul confirmat cu o performan\u021b\u0103 economic\u0103 remarcabil\u0103 \u2013 l-a ob\u021binut printr-un exerci\u021biu de convingere de ultim moment, \u00eentr-un dosar \u00een care agen\u021bia \u00eens\u0103\u0219i recunoa\u0219te c\u0103 tr\u0103sese concluzia opus\u0103. Mesajul real al acestui raport nu e \u201eRom\u00e2nia st\u0103 bine\u201d, ci \u201eRom\u00e2nia a evitat la musta\u021b\u0103, de data asta, plata pre\u021bului haosului politic \u2013 dar factura r\u0103m\u00eene deschis\u0103\u201d.<br \/>\nAm sc\u0103pat, deci, de Fitch. Dar vin cur\u00eend Moody\u2019s si S&amp;P. Cel mai probabil, nu vor fi la fel de milostive. 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Sprijini\u021bi OrtodoxINFO!<\/h2>\n<p>Guvernul nu dore\u0219te aflarea adev\u0103rului despre lovitura de stat \u0219i \u00eengenuncherea Rom\u00e2niei. \u00cencerc\u0103m s\u0103 men\u021binem viu acest site \u0219i s\u0103 v\u0103 punem la dispozi\u021bie informa\u021bii care s\u0103 fac\u0103 lumin\u0103 \u00een cea mai mare provocare pe care o tr\u0103im. Jurnalismul independent al portalului OrtodoxINFO func\u021bioneaz\u0103 strict cu ajutorul cititorilor.<br \/>\nNe pute\u021bi sprijini printr-o <b><a href=\"https:\/\/ortodoxinfo.ro\/donatii\/\">dona\u021bie bancar\u0103<\/a> sau prin PayPal, complet\u00e2nd formularul de mai jos.<\/b><\/span><\/p>\n<ul>\n<li><a href=\"https:\/\/ortodoxinfo.ro\/2026\/08\/01\/caz-special-romania-retrogradata-de-fitch-la-junk-apoi-i-am-implorat-si-au-indulcit-verdictul\/#tabs-1\">Dona\u021bie lunar\u0103<\/a><\/li>\n<li><a href=\"https:\/\/ortodoxinfo.ro\/2026\/08\/01\/caz-special-romania-retrogradata-de-fitch-la-junk-apoi-i-am-implorat-si-au-indulcit-verdictul\/#tabs-2\">Doar acum<\/a><\/li>\n<\/ul>\n<div id=\"tabs-1\"><img loading=\"lazy\" decoding=\"async\" alt border=\"0\" src=\"https:\/\/www.paypalobjects.com\/en_US\/i\/scr\/pixel.gif\" width=\"1\" height=\"1\"><\/div>\n<div id=\"tabs-2\">\n<p>\t\t     \u20ac<\/p>\n<p>\t\t    <img loading=\"lazy\" decoding=\"async\" alt border=\"0\" src=\"https:\/\/www.paypalobjects.com\/en_US\/i\/scr\/pixel.gif\" width=\"1\" height=\"1\"><\/div>\n<p>Mul\u021bumim celor care ne-au ajutat p\u00e2n\u0103 acum!\n\t<\/p><\/div>\n<div class=\"comment-box-wrap entry-sec\">\n<div class=\"comment-box-header\"><span class=\"h3\">Las\u0103 un comentariu<\/span><\/div>\n<div class=\"comment-holder no-comment\">\n<div id=\"comments\" class=\"comments-area\">\n<div id=\"respond\" class=\"comment-respond\">\n<h3 id=\"reply-title\" class=\"comment-reply-title\">Las\u0103 un r\u0103spuns <small><a rel=\"nofollow\" id=\"cancel-comment-reply-link\" href=\"https:\/\/ortodoxinfo.ro\/2026\/08\/01\/caz-special-romania-retrogradata-de-fitch-la-junk-apoi-i-am-implorat-si-au-indulcit-verdictul\/#respond\">Anuleaz\u0103 r\u0103spunsul<\/a><\/small><\/h3>\n<p class=\"comment-notes\"><span id=\"email-notes\">Adresa ta de email nu va fi publicat\u0103.<\/span><span class=\"required-field-message\">C\u00e2mpurile obligatorii sunt marcate cu <span class=\"required\">*<\/span><\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"sidebar-wrap single-sidebar\">\n<div class=\"sidebar-inner clearfix\">\n<div id=\"widget-post-2\" class=\"widget rb-section w-sidebar clearfix widget-post\">\n<div class=\"block-h widget-heading heading-layout-1\">\n<div class=\"heading-inner\">\n<h4 class=\"heading-title\"><span>Articole recente<\/span><\/h4>\n<\/div>\n<\/div>\n<div class=\"widget-p-listing\">\n<div class=\"p-wrap p-small p-list-small-2\" data-pid=\"254099\">\n<div class=\"feat-holder\">\n<div class=\"p-featured ratio-v1\"><a class=\"p-flink\" href=\"https:\/\/ortodoxinfo.ro\/2026\/08\/02\/cum-a-ajuns-globalismul-sa-devina-politica-oficiala-a-ue-fara-ca-nimeni-sa-voteze-pentru-ea\/\" title=\"Cum a ajuns \u201eglobalismul\u201d s\u0103 devin\u0103 politica oficial\u0103 a UE f\u0103r\u0103 ca nimeni s\u0103 voteze pentru ea\"><img decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/ortodoxinfo.ro\/wp-content\/uploads\/2026\/08\/cum-a-ajuns-globalismul-sa-devina-politica-oficiala-a-ue-fara-ca-nimeni-sa-voteze-pentru-ea-83963.pn-150x150.png\" class=\"featured-img wp-post-image\" alt loading=\"lazy\"><\/a><\/div>\n<\/div>\n<div class=\"p-content\">\n<h5 class=\"entry-title\"><a class=\"p-url\" href=\"https:\/\/ortodoxinfo.ro\/2026\/08\/02\/cum-a-ajuns-globalismul-sa-devina-politica-oficiala-a-ue-fara-ca-nimeni-sa-voteze-pentru-ea\/\" rel=\"bookmark\">Cum a ajuns \u201eglobalismul\u201d s\u0103 devin\u0103 politica oficial\u0103 a UE f\u0103r\u0103 ca nimeni s\u0103 voteze pentru ea<\/a><\/h5>\n<div class=\"p-meta\">\n<div class=\"meta-inner is-meta\"><span class=\"meta-el meta-date\"><time datetime=\"2026-08-02T00:24:00+03:00\">2 august 2026<\/time><\/span><span class=\"meta-el meta-category meta-bold\"><a class=\"meta-separate category-1538\" href=\"https:\/\/ortodoxinfo.ro\/category\/anti-sistem\/uniunea-europeana\/\">Uniunea european\u0103<\/a><\/span><span class=\"meta-el meta-view\">6.4k vizualiz\u0103ri\t\t<\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"p-wrap p-small p-list-small-2\" data-pid=\"254031\">\n<div class=\"feat-holder\">\n<div class=\"p-featured ratio-v1\"><a class=\"p-flink\" href=\"https:\/\/ortodoxinfo.ro\/2026\/08\/01\/primii-prosti-ai-tarii-iasiul-stinge-lumina-orasul-ramane-fara-iluminat-public-in-timpul-noptii-pentru-a-face-economie-la-curent-electric\/\" title=\"Primii pro\u0219ti ai \u021b\u0103rii: Ia\u0219iul stinge lumina. 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Ora\u0219ul r\u0103m\u00e2ne f\u0103r\u0103 iluminat public \u00een timpul nop\u021bii pentru a face economie la curent electric<\/a><\/h5>\n<div class=\"p-meta\">\n<div class=\"meta-inner is-meta\"><span class=\"meta-el meta-date\"><time datetime=\"2026-08-01T12:46:13+03:00\">1 august 2026<\/time><\/span><span class=\"meta-el meta-category meta-bold\"><a class=\"meta-separate category-19885\" href=\"https:\/\/ortodoxinfo.ro\/category\/anti-sistem\/anti-romanism\/asasinii-tarii\/\">Asasinii \u021b\u0103rii<\/a><\/span><span class=\"meta-el meta-view\">15k vizualiz\u0103ri\t\t<\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"p-wrap p-small p-list-small-2\" data-pid=\"253910\">\n<div class=\"feat-holder\">\n<div class=\"p-featured ratio-v1\"><a class=\"p-flink\" href=\"https:\/\/ortodoxinfo.ro\/2026\/08\/01\/sionistii-de-la-fitch-pasuiesc-slugile-lor-din-romania-ratingul-bbb-mentinut-dar-cu-avertisment\/\" title=\"Sioni\u0219tii de la Fitch p\u0103suiesc slugile lor din Rom\u00e2nia: Ratingul BBB- men\u021binut, dar cu avertisment\"><img decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/ortodoxinfo.ro\/wp-content\/uploads\/2026\/08\/fitch-nazare-bolojan-jpg-1280x720-150x150.jpeg\" class=\"featured-img wp-post-image\" alt loading=\"lazy\"><\/a><\/div>\n<\/div>\n<div class=\"p-content\">\n<h5 class=\"entry-title\"><a class=\"p-url\" href=\"https:\/\/ortodoxinfo.ro\/2026\/08\/01\/sionistii-de-la-fitch-pasuiesc-slugile-lor-din-romania-ratingul-bbb-mentinut-dar-cu-avertisment\/\" rel=\"bookmark\">Sioni\u0219tii de la Fitch p\u0103suiesc slugile lor din Rom\u00e2nia: Ratingul BBB- men\u021binut, dar cu avertisment<\/a><\/h5>\n<div class=\"p-meta\">\n<div class=\"meta-inner is-meta\"><span class=\"meta-el meta-date\"><time datetime=\"2026-08-01T08:38:09+03:00\">1 august 2026<\/time><\/span><span class=\"meta-el meta-category meta-bold\"><a class=\"meta-separate category-19885\" href=\"https:\/\/ortodoxinfo.ro\/category\/anti-sistem\/anti-romanism\/asasinii-tarii\/\">Asasinii \u021b\u0103rii<\/a><\/span><span class=\"meta-el meta-view\">9k vizualiz\u0103ri\t\t<\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"p-wrap p-small p-list-small-2\" data-pid=\"253829\">\n<div class=\"feat-holder\">\n<div class=\"p-featured ratio-v1\"><a class=\"p-flink\" href=\"https:\/\/ortodoxinfo.ro\/2026\/07\/31\/tarile-nordice-se-alatura-italiei-si-cer-suspendarea-spaniei-din-schengen-dupa-invazia-migrantilor-din-ceuta\/\" title=\"\u021a\u0103rile nordice se al\u0103tur\u0103 Italiei \u0219i cer suspendarea Spaniei din Schengen dup\u0103 invazia migran\u021bilor din Ceuta\"><img decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/ortodoxinfo.ro\/wp-content\/uploads\/2026\/07\/tarile-nordice-se-alatura-italiei-si-cer-suspendarea-spaniei-din-schengen-dupa-invazia-migrantilor-d-150x150.jpeg\" class=\"featured-img wp-post-image\" alt loading=\"lazy\"><\/a><\/div>\n<\/div>\n<div class=\"p-content\">\n<h5 class=\"entry-title\"><a class=\"p-url\" href=\"https:\/\/ortodoxinfo.ro\/2026\/07\/31\/tarile-nordice-se-alatura-italiei-si-cer-suspendarea-spaniei-din-schengen-dupa-invazia-migrantilor-din-ceuta\/\" rel=\"bookmark\">\u021a\u0103rile nordice se al\u0103tur\u0103 Italiei \u0219i cer suspendarea Spaniei din Schengen dup\u0103 invazia migran\u021bilor din Ceuta<\/a><\/h5>\n<div class=\"p-meta\">\n<div class=\"meta-inner is-meta\"><span class=\"meta-el meta-date\"><time datetime=\"2026-07-31T17:26:06+03:00\">31 iulie 2026<\/time><\/span><span class=\"meta-el meta-category meta-bold\"><a class=\"meta-separate category-1933\" href=\"https:\/\/ortodoxinfo.ro\/category\/anti-sistem\/globalizare\/refugiati\/\">Refugia\u021bi<\/a><\/span><span class=\"meta-el meta-view\">13.6k vizualiz\u0103ri\t\t<\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div id=\"custom_html-2\" class=\"widget_text widget rb-section w-sidebar clearfix widget_custom_html\">\n<div class=\"block-h widget-heading heading-layout-1\">\n<div class=\"heading-inner\">\n<h4 class=\"heading-title\"><span>DONA\u021aII \u00een cont bancar<\/span><\/h4>\n<\/div>\n<\/div>\n<div class=\"textwidget custom-html-widget\">\n<table class=\"donatii\">\n<tbody>\n<tr>\n<th colspan=\"2\"><strong><span>Asicia\u021bia SMI-B<\/span><\/strong><\/th>\n<\/tr>\n<tr>\n<th>Cont LEI<\/th>\n<td>RO67CECEB00030RON2081955<\/td>\n<\/tr>\n<tr>\n<th>Cont EURO<\/th>\n<td>RO33CECEB000C1EUR2081978<\/td>\n<\/tr>\n<tr>\n<th>Cod SWIFT<\/th>\n<td>CECEROBU<\/td>\n<\/tr>\n<tr>\n<th colspan=\"2\"><strong>CEC BANK SA<\/strong><\/th>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/article>\n<div class=\"entry-content rbct clearfix is-highlight-shares\">\n<div class=\"ruby-table-contents rbtoc table-left table-fw-single-col\">\n<div class=\"toc-header\"><span class=\"h3\">Sumar<\/span><\/div>\n<div class=\"toc-content h5\"><a href=\"https:\/\/ortodoxinfo.ro\/2026\/08\/01\/caz-special-romania-retrogradata-de-fitch-la-junk-apoi-i-am-implorat-si-au-indulcit-verdictul\/#ce-arata-de-fapt-comunicatul-oficial-si-ce-nu-spune-direct\" class=\"table-link no-link anchor-link\" data-index=\"rb-heading-index-0\">Ce arat\u0103, de fapt, comunicatul oficial \u2013 \u0219i ce nu spune direct<\/a><a href=\"https:\/\/ortodoxinfo.ro\/2026\/08\/01\/caz-special-romania-retrogradata-de-fitch-la-junk-apoi-i-am-implorat-si-au-indulcit-verdictul\/#de-ce-a-fost-cit-pe-ce\" class=\"table-link no-link anchor-link\" data-index=\"rb-heading-index-1\">De ce a fost c\u00eet pe ce<\/a><a href=\"https:\/\/ortodoxinfo.ro\/2026\/08\/01\/caz-special-romania-retrogradata-de-fitch-la-junk-apoi-i-am-implorat-si-au-indulcit-verdictul\/#concluzia-neplacuta\" class=\"table-link no-link anchor-link\" data-index=\"rb-heading-index-2\">Concluzia nepl\u0103cut\u0103<\/a><\/div>\n<\/div>\n<p>Rom\u00e2nia a fost retrogradat\u0103 de agen\u021bia Fitch la categoria junk, apoi, caz mai rar, a revenit asupra deciziei \u00een urma unui apel\/rug\u0103minte a guvernului Rom\u00e2niei. Apelul e procesul prin care o entitate contest\u0103 decizia unei agen\u021bii, poate fi ini\u021biat fie de emitent (statul, \u00een cazul nostru), fie de investitori \u0219i e un mecanism formal, prev\u0103zut explicit \u00een procedurile agen\u021biilor, deci nu e un privilegiu special acordat Rom\u00e2niei. Dar se \u00eent\u00eempl\u0103 extrem de rar ca agen\u021biile s\u0103 fie \u00eenduio\u0219ate. Iar faptul c\u0103 agen\u021bia a \u021binut s\u0103 specifice clar aceast\u0103 r\u0103zg\u00eendire \u00een raport e unul ie\u0219it din comun, care sugereaz\u0103 c\u0103 Fitch a vrut s\u0103 se asigure c\u0103 guvernan\u021bii nu vor fi tenta\u021bi s\u0103 se laude cu ne-retrogradarea \u0219i a punctat explicit c\u0103 a fost vorba de o \u201diertare\u201d. India nu a avut norocul nostru \u00een 2020, c\u00eend Moody\u2019s i-a confirmat ratingul Baa3, \u00een ciuda apelului guvernului, care a argumentat c\u0103 ratingul nu reflect\u0103 corect situa\u021bia \u021b\u0103rii. Ghinionul lor, bafta noastr\u0103. P\u00een\u0103 c\u00eend?<\/p>\n<h3 id=\"ce-arata-de-fapt-comunicatul-oficial-si-ce-nu-spune-direct\" class=\"rb-heading-index-0\"><span>Ce arat\u0103, de fapt, comunicatul oficial \u2013 \u0219i ce nu spune direct<\/span><\/h3>\n<p>Fitch confirm\u0103 textual c\u0103 ratingul implicit al emitentului pe termen lung pentru Rom\u00e2nia r\u0103m\u00eene \u201eBBB-\u201d, cu perspectiv\u0103 negativ\u0103. Dar undeva, spre finalul raportului, apare o men\u021biune scurt\u0103 care schimb\u0103 complet povestea: emitentul, adic\u0103 statul rom\u00e2n, a contestat concluziile ini\u021biale ale comitetului de rating \u0219i a depus informa\u021bii suplimentare \u2013 iar aceste informa\u021bii au dus la o decizie final\u0103 diferit\u0103 de cea la care ajunsese ini\u021bial comitetul.<\/p>\n<p>Tradus din limbaj de agen\u021bie de rating: comitetul Fitch a analizat ini\u021bial datele \u0219i a ajuns la concluzia c\u0103 e cazul de retrogradare, av\u00eend \u00een vedere gravitatea problemelor semnalate \u00een restul raportului. Rom\u00e2nia a aflat, a contestat, a mai trimis date, iar decizia final\u0103 a fost alta. Am fost, cu alte cuvinte, salva\u021bi \u00een extremis \u2013 nu pentru c\u0103 economia s-ar fi \u00eendreptat brusc, ci pentru c\u0103 argumentele transmise ulterior au convins comitetul s\u0103 nu apese pe tr\u0103gaci. (Dac\u0103 am fi mali\u021bio\u0219i, am paria c\u0103 a fost vorba de milogeal\u0103 \u00een genunchi).<\/p>\n<h3 id=\"de-ce-a-fost-cit-pe-ce\" class=\"rb-heading-index-1\"><span>De ce a fost c\u00eet pe ce<\/span><\/h3>\n<p>Nu e o presupunere aruncat\u0103 \u00een v\u00eent, pentru c\u0103 tot raportul e construit pe un ton de avertisment sever, iar un mesaj central al Fitch e limpede: criza politic\u0103 rom\u00e2neasc\u0103 e un factor de mare risc financiar cu impact direct asupra costului la care statul se \u00eemprumut\u0103.<\/p>\n<p>Agen\u021bia leag\u0103 explicit perspectiva negativ\u0103 de haosul institu\u021bional: incertitudinea politic\u0103 s-a amplificat dup\u0103 pr\u0103bu\u0219irea guvernului format din patru partide, iar modul \u00een care va fi solu\u021bionat\u0103 aceast\u0103 situa\u021bie r\u0103m\u00eene neclar, scrie \u00een raport. Fitch nu se fere\u0219te s\u0103 spun\u0103 ce \u00eenseamn\u0103 asta pentru bani: evolu\u021biile politice au redus vizibilitatea asupra strategiei fiscale de dup\u0103 2026 \u0219i au \u00eent\u00eerziat aprobarea reformelor r\u0103mase din PNRR, ceea ce ar putea duce la pierderea unor fonduri europene.<\/p>\n<p>Cu alte cuvinte: nu deficitul \u00een sine a fost pe cale s\u0103 ne coste ratingul, ci faptul c\u0103 nimeni \u2013 nici Fitch, nici probabil nimeni din interiorul sistemului \u2013 nu poate spune cine va guverna Rom\u00e2nia peste \u0219ase luni \u0219i cine va face bugetul pe 2027.<\/p>\n<p>Ce \u00eenseamn\u0103, de fapt, \u201eperspectiv\u0103 negativ\u0103\u201d? \u00censeamn\u0103 c\u0103 nu e un motiv de relaxare, ci exact opusul: e un avertisment oficial c\u0103 retrogradarea r\u0103m\u00eene pe mas\u0103. Fitch spune clar ce ar declan\u0219a-o \u2013 neimplementarea unor m\u0103suri suplimentare de consolidare fiscal\u0103, din cauza unui blocaj politic prelungit care \u00eempiedic\u0103 adoptarea politicilor necesare, sau orice efect negativ asupra finan\u021b\u0103rii externe generat de intensificarea tensiunilor politice. Practic, condamnarea \u0219i salvarea vin din acela\u0219i loc: politica, nu economia.<\/p>\n<h3 id=\"concluzia-neplacuta\" class=\"rb-heading-index-2\"><span>Concluzia nepl\u0103cut\u0103<\/span><\/h3>\n<p>Rom\u00e2nia nu \u0219i-a c\u00ee\u0219tigat ratingul confirmat cu o performan\u021b\u0103 economic\u0103 remarcabil\u0103 \u2013 l-a ob\u021binut printr-un exerci\u021biu de convingere de ultim moment, \u00eentr-un dosar \u00een care agen\u021bia \u00eens\u0103\u0219i recunoa\u0219te c\u0103 tr\u0103sese concluzia opus\u0103. Mesajul real al acestui raport nu e \u201eRom\u00e2nia st\u0103 bine\u201d, ci \u201eRom\u00e2nia a evitat la musta\u021b\u0103, de data asta, plata pre\u021bului haosului politic \u2013 dar factura r\u0103m\u00eene deschis\u0103\u201d.<br \/>\nAm sc\u0103pat, deci, de Fitch. Dar vin cur\u00eend Moody\u2019s si S&amp;P. Cel mai probabil, nu vor fi la fel de milostive. (Bogdan Tiberiu Iacob)<\/p>\n<\/div>\n<p>[analyse_source url=&#8221;https:\/\/ortodoxinfo.ro\/2026\/08\/01\/caz-special-romania-retrogradata-de-fitch-la-junk-apoi-i-am-implorat-si-au-indulcit-verdictul\/&#8221;]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[analyse_image type=&#8221;featured&#8221; src=&#8221;https:\/\/ortodoxinfo.ro\/wp-content\/uploads\/2026\/08\/ChatGPT-Image-Aug-1-2026-07_28_16-PM-1024&#215;576.pnghttps:\/\/ortodoxinfo.ro\/wp-content\/uploads\/2026\/08\/ChatGPT-Image-Aug-1-2026-07_28_16-PM.png&#8221;] Prima pagin\u0103 \u00bb Blog \u00bb Caz special \u2013 Rom\u00e2nia, retrogradat\u0103 de Fitch la \u201djunk\u201d. Apoi, i-am implorat \u0219i au \u00eendulcit verdictul Caz special \u2013 Rom\u00e2nia, retrogradat\u0103 de Fitch la \u201djunk\u201d. Apoi, i-am implorat \u0219i au \u00eendulcit verdictul 1 august 2026Asasinii \u021b\u0103rii6.3k vizualiz\u0103ri Comentarii Share 5 Min Read SHARE OrtodoxINFO este supus unui [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[89],"tags":[226,94],"class_list":["post-2073443","post","type-post","status-publish","format-standard","hentry","category-romania","tag-crawlmanager","tag-ortodoxinfo-ro"],"_links":{"self":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts\/2073443","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2073443"}],"version-history":[{"count":0,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts\/2073443\/revisions"}],"wp:attachment":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2073443"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2073443"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2073443"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}