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Published on 10/4/2019 in the Prospect News Emerging Markets Daily.

Fitch ups ProCredit Bank ad Beograd

Fitch Ratings said it upgraded ProCredit Bank ad Beograd’s long-term issuer default rating to BBB- from BB+ with a stable outlook.

The bank’s upgrade comes after the upgrade of Serbia’s sovereign IDR to BB+ from BB and country ceiling to BBB- from BB+.


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