CHISINAU, Moldova, Oct. 4, 2024 /PRNewswire/ -- Fitch Ratings has assigned the Republic of Moldova a Long-Term Foreign-Currency Issuer Default Rating (IDR) of 'B+' with a Stable Outlook. This rating highlights the country's steady commitment to maintaining macroeconomic and financial stability through prudent fiscal policies, a credible inflation-targeting framework, and a flexible exchange rate regime. These factors, combined with a resilient banking sector, demonstrate Moldova's progress in overcoming past challenges and building a more stable financial environment.
One of the key elements supporting this rating is the resilience of Moldova's banking sector. For the past 10 years, Moldova undertook a comprehensive overhaul of its regulatory standards. Today, the sector remains well-capitalized, profitable, and exhibits low levels of non-performing loans. These improvements have fortified the country's financial system, enhancing confidence in its ability to withstand economic pressures.
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