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

Fitch Ratings has affirmed the Romanian City of Brasov's Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at 'BBB-' with a Negative Outlook.   The affirmation reflects Fitch's view that the City of Brasov's operating performance and debt ratios will remain in line with those of peers with a financial profile in the 'aaa' category over the medium term. This is despite budgetary pressures ...

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