Fitch affirms ProCredit Banks Albania, Macedonia

Fitch Ratings said it affirmed ProCredit Banks in Albania and Macedonia. ProCredit Bank Albania's long-term foreign-currency issuer default rating is affirmed at B+, short-term foreign- and local-currency issuer default rating at B and long-term local-currency issuer default rating at BB-. The outlook is stable. ProCredit Bank Macedonia's long- term foreign- and local-currency issuer default rating at BB+, short-term foreign- and local-currency issuer default rating at B. The outlook is stable.

The ratings reflect the potential support available from the banks' owners, in particular ProCredit Holding AG, which is rated BBB- with stable outlook.

The potential support of ProCredit Bank Albania is constrained by the B+ country ceiling of Albania.

ProCredit Bank Macedonia's ratings are not constrained by the country ceiling for Macedonia, which is BBB.

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