Fitch affirms Banca Comerciala Romana

Fitch Ratings said it affirmed Banca Comerciala Romana SA's ratings at long-term foreign and local currency issuer default A-, short-term foreign currency issuer default rating F2, individual C/D and support 1.

The outlooks for the long-term issuer default ratings are negative.

According to Fitch, the issuer default ratings and support rating reflect the extremely high potential support available to the bank from its 69.2% majority shareholder, Erste Group Bank AG (A/outlook positive), in case of need.

The agency noted that the individual rating reflects Banca Comerciala Romana's solid domestic franchise, restructuring and re-positioning efforts under its majority shareholder and sound profitability.

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