Fitch rates Parex bank Eurobond BB+

Fitch Ratings said it assigned Parex banka's forthcoming eurobond issue an expected BB+ rating.

Parex banka is rated long-term BB+ with a stable outlook, short-term B, individual C/D and support 3.

Parex banka is the largest bank in Latvia by total assets, and the fourth largest in the Baltics. It is privately owned, with two individuals collectively owning over 85% of the bank.

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