Fitch international ratings agency has affirmed on Friday the ‘BB+’ rating for Romania, for long-term foreign currency lending and ‘BBB-’ for lei (national currency) long-term debt, both with negative outlook, the ratings agency informs in a release.
Fitch warned that an eventual suspension of the agreement with the International Monetary Fund (IMF) will negatively affect the ratings.
“The authorities’ capacity to adhere to the difficult political strategy imposed by IMF agreement is crucial. The world economy outlook worsened significantly since the ratings were downgraded in November last year, situation which adds to the risks Romania is confronted with, under conditions in which the economy must adapt to reduced net revenues from the private sector”, stated Andrew Colquhoun, Manager of Fitch’s Sovereigns Group.
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