Fitch Warns Romania Risks Junk Status Amid Ongoing Political Crisis
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35 Articles
The risk of the fall of Romania in the category of non-recommended countries for investment (junk) increases with the prolongation of the political crisis in the absence of a functional government, warns an analyst of the rating agency Fitch. Article Analyst Fitch, about the risk of the demotion of Romania in junk: The longer the crisis persists in the absence of a functional government, the more question marks appear the first time in Romania T…
Romania is at risk of being downgraded to the "junk" category, on the basis of the prolonged political crisis, which threatens the country's fiscal credibility, said Malgorzata Krzywicka, an analyst at the Fitch Ratings financial evaluation agency, for Bloomberg.
Romania is in a counter-clock race to avoid downgrading to the category "junk" (unrecommended for investments – n.r.), in the context of a prolonged political crisis endangering fiscal credibility, said Malgorzata Krzywicka...
Fitch Says Junk Rating Looms for Romania if Political Crisis Persists
Romania is running out of time to avoid a credit rating downgrade to junk as the prolonged political crisis puts fiscal credibility in jeopardy, according to an analyst from Fitch Ratings Inc.
"The longer the political crisis in Romania persists without a functional government, the more questions arise about fiscal predictability and the country's ability to make the necessary adjustments," said an analyst from Fitch, quoted by Bloomberg. "Romania is in a race against time to avoid downgrading the rating ...
A few weeks of deliberate political drift can cost an entire country a rating. That's exactly what seems to happen now with Romania, after an analyst from Fitch, who answers to our country, said...
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