December 18 (SeeNews) - Fitch Ratings said it has affirmed Moldova's long-term foreign and local currency ratings at 'B-' and 'B', respectively, and has simultaneously withdrawn the country's ratings.
Fitch issued the following statement on Thursday:
"Fitch Ratings has today affirmed Moldova's Long-term foreign currency Issuer Default Rating (IDR) at 'B-' and its Long-term local currency IDR at 'B'.
Both ratings have Stable Outlooks.
The agency also affirmed Moldova's Short-term foreign currency IDR at 'B' and its Country Ceiling at 'B-'. Fitch has simultaneously withdrawn all the ratings.
Moldova's Long-term foreign currency IDR of 'B-' reflects the external financing risks and the structural weaknesses of the economy, as well as the prolonged uncertainty surrounding the domestic political situation.
Fitch will no longer provide rating or analytical coverage of this issuer."