Moody's move was driven by expectations of further improvement in the country's macroeconomic fundamentals and by the recovery in the euro area that reduces risks to Romania's growth. The recent Eurobond launched successfully at 3.7% on one hand, and the enhanced anticorruption fight on the other, might have consolidated the agency's projections in regard to the country's future economic performances. Moody's explains the outlook upgrade by i. improvement of fiscal and C/A balance and ii. lower risk to growth and balance of payments following improved outlook in the euro area. The fiscal consolidation pursued despite the political volatility and the C/A deficit narrowing to just 1.1% of GDP last year were particularly outlined. The uncertainty in the euro area is mentioned as a key driver also, as the improvement in the country's main trade partners was already visible in Romania's own macroeconomic performance last year.