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Fitch Confirms Rating for VBAG
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The U.S. rating agency retains the A rating for the fourth largest Austrian bank.
Fitch Confirms Rating for VBAG / Picture: © Fitch
The long-term rating IDR for VBAG, the top bank of the Austrian Volksbanken group was confirmed at A. The outlook is stable, says Fitch. VBAG´s short term IDR rating and the viability rating (bb-) were confirmed too. The viability rating remains at Fitch´s watch list.
Fitch pointed out that in spite of announced equity measures the risk profile and financial structure of VBAG…
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