Bucharest: Fitch Affirms Sovereign Debt Rating
Published: February 3, 2014; 16:45 · (Vindobona)
The U.S. rating agency Fitch has kept the long-term issuer default rating at “BBB-“. The outlook remains stable.
Bucharest: Fitch Affirms Sovereign Debt Rating / Picture: © Vindobona.org
According to Fitch, the rating includes the financial and economic situation. In essence, Fitch expects Bucharest to keep the public debt level flat while real GDP growth is forecasted to accelerate this year. Moreover, Fitch underlined that the debt coverage is sound. However, the refinancing of a bond maturing is 2015 is a substantial risk factor, Fitch added.
The GDP of…
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