Fitch confirms BBB- rating for Oradea, with stable outlook

The ratings reflect Oradea’s sound financial performance, expected to be maintained in the medium term despite the strong growth of the northwestern Romanian city’s debt to fund local infrastructure investments, and good management practices.

The ratings also take into account Romania’s developing institutional framework, which translates, among others, into modest budgetary flexibility for Romanian cities and significant support and control by the state. (NewsIn)