E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 7/24/2012 in the Prospect News Emerging Markets Daily.

Fitch affirms Probusinessbank

Fitch Ratings said it affirmed Probusinessbank's long-term issuer default ratings at B-.

The outlook is stable.

The affirmation reflects the bank's weak capital position, further burdened by high volume of non-core assets on the balance sheet and moderate asset quality, according to the agency.

The ratings also consider the bank's solid pre-impairment profitability and comfortable liquidity position also supported by relatively liquid loan book, the agency noted.


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.