





Fitch confirms Bucharest's ratings
The report reads that the ratings reflect the central administration's financial support considering the economic importance of the city. The rating also takes into account the risks incurred by the need to refinance and the exchange rates.
However, the rating could improve if the budgetary performances fit within the established estimations or whether Romania's institutional framework will have a favorable evolution. On the other hand, Bucharest's rating could be downgraded if its debt increases significantly.