Rating Action Commentary: Fitch Affirms City of Bucharest at 'BBB-'; Outlook Negative

Fitch Ratings has affirmed the Romanian City of Bucharest's Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at 'BBB-' with Negative Outlook.   The affirmation reflects Fitch's unchanged view that in the medium term the city's operating performance and debt ratios will remain in line with peers with 'aa' category financial profiles. This is despite pressures on its budget from ...

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