Moody’s maintained Moldova’s credit rating at B3 but lowered the outlook from stable to negative. The agency noted that the repercussions on Moldova’s credit profile due to Russia’s war with Ukraine were less grave than anticipated during its prior rating action in April 2022, even though the conflict has substantially impacted fiscal and economic health. The agency underscored enhancements in energy security and the anticipated substantial aid from global institutions, aimed at reinforcing Moldova’s credit standing and stimulating economic resurgence.