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Romania: Fitch Rating for Three Banks Affirmed

Published: November 14, 2013; 18:12 · (Vindobona)

Fitch has affirmed the ratings for three Romanian banks and forecasts a stable outlook.

Romania: Fitch Rating for Three Banks Affirmed / Picture: © Fitch

US rating agency Fitch has confirmed BRD Groupe Societe Generale S.A.'s and Banca Comerciala Romana S.A.'s (BCR) long-term Issuer Default Ratings (IDR) at BBB+ and Garanti Bank S.A.'s (Garanti Romania) long-term IDR at BBB-. Moreover, BCR’s Viability Rating (VR) was downgraded from bb- to b+. The rating agency explains BCR’s downgrade of VR because of the bank because of a high and…

This article includes a total of 472 words.

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