Fitch affirms ProCredit Bank (Romania)

Fitch Ratings said it affirmed the long-term foreign- and local-currency issuer default ratings of ProCredit Bank (Romania) at BB+. The bank's short-term foreign- and local-currency issuer default ratings are affirmed at B.

The outlook is stable.

The ratings reflect the potential support that would likely be forthcoming, in case of need, from its main shareholder, ProCredit Holding AG, Fitch said.

The ratings also capture its small size and high cost base, the agency said.

© 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.