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Fitch cuts Erste Jelzalogbank bond view to negative
Fitch Ratings said it revised the outlook on Erste Jelzalogbank Zrt.’s mortgage covered bonds (jelzaloglevel) to negative from stable.
“The rating action follows the revision of the outlook on Erste Bank Hungary Zrt.'s (EBH; BBB+/negative) long-term issuer default rating (IDR), which acts as reference IDR for the covered bond program, to negative (see Fitch 'Fitch Revises 4 Hungarian Banks' Outlooks to Negative; Affirm IDRs', dated Jan. 26, 2023 at www.fitchratings.com),” the agency said in a statement.
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