Fitch affirms Bawag

Fitch ratings said it affirmed Bawag PSK's long-term issuer default rating at A- with a stable outlook, short-term issuer default rating at F1 and viability rating at a-.

“Bawag's issuer default ratings and senior preferred debt rating are driven by its VR, which reflects a view of the bank's strong financial profile and management's successful record in implementing the bank's post-restructuring stabilisation and expansion strategy,” the agency said in a news release.

“The ratings also reflect the bank's effective risk management and fairly conservative risk appetite, which includes a focus on high-quality assets in highly developed markets. The ratings also factor in Bawag's intention to remain acquisitive in the medium term.”

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