Fitch Ratings will not change Romania’s sovereign rating following the President’s suspension, but increasing political risk and delays in the implementation of structural and anti-corruption reform could however lead to a rating downgrade, Fitch chief analyst for Romania and director of the Fitch sovereign ratings division Andrew Colquhoun said, ACT Media news agency reports.

Fitch does not consider the President’s suspension should be a reason to lower the rating, said the agency just short after the statement made by Moody’s, that it also keeps Romania’s scores in place. In their turn, Moody’s analysts had voiced slight concern over the political situation.

International financial risk assessment agency Fitch upgraded on August 31, 2006 the rating for Romania’s issuer loans in foreign and local currency and put up the country ceiling to “A-” from “BBB+” based on the high performance of economy. On the same date, the rating attached to loans in foreign currency was increased from “BBB-“ to “BBB,” that attached to loans in local currency was improved from “BBB” to “BBB+” both with stable outlooks. The short-term rating was established at “F3.”