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Tag Archives: Fitch Ratings

Fitch affirms Garanti Bank’s long-term IDR with Sable Outlook, emphasizing the bank’s financial resilience and self-sufficiency

Fitch Ratings affirmed Garanti Bank Romania’s long-term Issuer Default Rating (IDR) at ‘BB-’, with stable outlook, while the bank’s Viability Rating was also affirmed at ‘bb-’, despite legislative uncertainties having already had an impact on the market and the financial ...

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Fitch Ratings: Romania 2019 budget fails to lift fiscal uncertainty

Romania’s draft 2019 budget targets a reduction in the budget deficit, but is based on optimistic assumptions and fails to clarify uncertainty over the new bank tax, Fitch Ratings says The budget published by the Ministry of Public Finance on ...

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Fitch affirms Romania at ‘BBB-‘, outlook stable. Loosening in fiscal policy has weakened the public finances

Fitch Ratings has affirmed on Friday Romania’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BBB-‘ with a Stable Outlook. Romania’s investment-grade ratings are supported by moderate levels of government debt, and GDP per capita and human development indicators that are ...

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Fitch affirms Romanian City of Brasov at ‘BBB-‘

Fitch Ratings has affirmed the Romanian City of Brasov’s Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) at ‘BBB-‘ with Stable Outlooks and its Short-Term Foreign Currency IDR at ‘F3′. The affirmation reflects Fitch’s expectation that the city’s sound ...

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Garanti Bank Romania’s viability rating upgraded by Fitch to “bb-“

Fitch Ratings has upgraded Garanti Bank Romania’s viability rating to “bb-” and affirmed Long-Term Issuer Default Ratings (IDR) as ‘BBB-‘ with Stable Outlook (at the Investment Grade), a press release informs. Fitch’s upgrade of the bank’s viability rating reflects an ...

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Fitch says Romania’s loose fiscal policy to continue under new PM, warns on growing imbalances

Romania’s expansionary fiscal policy looks set to continue following last month’s change of prime minister and this will increase macro-economic imbalances, Fitch Ratings says. A sizeable structural budget deficit leaves the public finances more vulnerable to shocks. Parliament approved Viorica ...

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Fitch Ratings affirms Romania at ‘BBB-‘, outlook stable

Fitch Ratings has affirmed Romania’s Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at ‘BBB-‘. The Outlooks are Stable. Romania’s investment-grade rating is supported by moderate levels of public debt, and GDP per capita and governance indicators that are in ...

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Fitch rates Brasov’s stable outlook at BBB-

Fitch Ratings has affirmed on Friday the Romanian city of Brasov’s long-term foreign and local currency issuer default ratings (IDRs) at BBB-, with stable outlook, and short-term foreign currency IDR at F3, a press release informs. The affirmation reflects Fitch’s unchanged ...

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International Investment Bank to list bonds worth RON 300m and EUR 60m on the BVB

The International Investment Bank, based in Moscow, will list bonds worth RON 300 million and EUR 60 million on the Romanian capital market, according to an announcement published on the Bucharest Stock Exchange (BVB) website. For the issue in RON ...

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