Fitch affirms Romania

Fitch Ratings said it affirmed Romania's long-term foreign- and local-currency issuer default ratings at BBB-.

The outlook is stable.

“Romania's investment-grade ratings are supported by moderate levels of public debt, and GDP per capita and governance indicators that are in line with BBB category rated peers,” Fitch said in a news release.

“However, pro-cyclical fiscal loosening with a positive output gap poses risks to macroeconomic stability.”

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