Romania Risks Debt Surge That Could Impact Rating, Fitch Says
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Romania should take rapid measures to limit the surge in a budget deficit that’s become the largest in the European Union to avoid losing its investment-grade score, according to analysts at Fitch Ratings.
The Black Sea nation, which has the lowest investment grade from all three major rating companies, may need to freeze spending and raise revenue to narrow the deficit to within the EU’s benchmark of 3% of gross domestic product from 2027, Fitch analysts Federico Barriga Salazar and Gergely Kiss said in a report Tuesday.