Fitch rates Procredit Bank bond BB+

Fitch Ratings said it assigned Procredit Bank SA's forthcoming RON35,000,000 three-year bond issue an expected BB+ long-term rating.

Fitch noted Procredit Romania is rated long-term issuer default BB+ with a stable outlook, short-term at B, individual at D/E and support 3.

The notes are to rank pari passu among themselves and at least pari passu with all other present and future unsecured obligations of Procredit Romania save for such obligations as may be preferred by law, the agency said.

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