Fitch affirms ratings for Bucharest municipality at 'BBB -', stable outlook
Publicat:Fitch Ratings on Friday affirmed the Bucharest municipality's long-term local and foreign currency issuer default ratings (IDRs) at "BBB-," with stable outlook, informs a press release of the financial assessment agency.
The agency also affirmed the short-term foreign currency IDR at "F3."
"The affirmation reflects Bucharest's continuing sound operating performance, moderate debt levels relative to its operating balance and current revenue and sound debt ratios. The ratings also factor in a strong tax base, due to Bucharest's wealth being substantially greater than the national…
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