Fitch affirms Bucharest municipality ratings at 'BBB-' with stable outlook
Publicat:Fitch Ratings on Friday affirmed the Romanian City of Bucharest's Long-Term Local- and Foreign-Currency Issuer Default Ratings (IDRs) at 'BBB-' with stable outlook, according to a release of this financial rating agency.
Moreover, the rating 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 the city's 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…
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