Fitch drops Zagrebacka Banka view to stable

Fitch ratings said it changed Zagrebacka Banka's long-term outlook to stable from positive.

The bank's ratings have been affirmed at long-term BBB-, short-term F3, individual C/D and support 2, the agency said.

Fitch said the long-term, short-term and support ratings are based on the potential support from its majority shareholder, UniCredito Italiano (AA-, Rating Watch negative), but are constrained by Croatia's country ceiling of BBB-.

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