Fitch Ratings has upgraded Banca Transilvania S.A.'s (Transilvania) Long-Term Issuer Default Rating (IDR) to 'BBB-' from 'BB+' and Short-Term IDR to 'F3' from 'B'. The Outlook on the Long-Term IDR is Stable, Banca Transilvania said in a press statement on Nov 19.
Fitch Ratings has affirmed Romanian state-owned natural gas transmission company Transgaz's Long-Term Issuer Default Rating at 'BBB-' with a Stable Outlook.
Fitch Ratings has affirmed Romania's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB-' with a Negative Outlook, which reflects weakening public finance metrics due to pro-cyclical policies in recent years and the impact from the coronavirus pandemic on economic and fiscal performance.