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

Fitch Ratings has affirmed the Romanian City of Oradea's Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at 'BBB-' with Negative Outlook. At the same time Fitch has affirmed the city's Short-Term Foreign-Currency IDR at 'F3'.   The affirmation reflects Fitch's view that the City of Oradea's operating performance and debt ratios will remain in line with those of peers with a financial ...

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