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Comments7 April 2026 15:30

Vlad Filat criticized the government’s reaction to Moody’s decision to upgrade Moldova’s rating from B3 to B2

Vlad Filat, leader of the Liberal Democratic Party of Moldova, criticized the government’s reaction to Moody’s decision to upgrade Moldova’s rating from B3 to B2. He argued that while the government publicly celebrates the rating change, the economic situation—particularly for farmers—remains severe. Filat pointed to record‑high diesel prices, hundreds of thousands of hectares at risk of not being cultivated, and more than 200 farmers reportedly going bankrupt.

He recalled that last year the IMF withheld two financing tranches for Moldova, which, according to him, forced the government to borrow domestically at significantly higher costs. Filat claimed that this led to over 200 million lei in additional interest payments—funds he says could have supported farmers.

Filat also argued that the Moody’s rating improvement has limited practical relevance for Moldova, noting that the country lacks private investors who typically rely on such ratings. He stated that both B3 and B2 remain in the high‑risk, speculative category.

He further criticized the government for prioritizing public relations over agriculture, and referenced Moldova’s economic crisis of 1998, suggesting that celebrating a rating comparable to that period is misplaced.

Filat concluded by saying that Moldova continues to borrow at high domestic rates, paying over 6 billion lei annually in interest, while the government highlights the Moody’s rating as an achievement.

 

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