Page 4 - Support Rating News Today

KEY RATING DRIVERS IDR AND VIABILITY RATING The Long and Short-Term IDRs of GTB Ghana are driven by its standalone creditworthiness, as expressed by its Viability Rating (VR) of ‘b’. The ratings consider the concentration of its operations in the challenging Ghanaian operating environment, its small market shares, high credit concentrations and ambitious growth strategy. These considerations are balanced against the bank’s healthy asset quality and strong profitability, capitalisation and...

Fitch affirms Bulgarias Fibank at B, outlook negative Author: First Investment Bank Licence: All Rights Reserved SOFIA (Bulgaria), May 26 (SeeNews) - Fitch Ratings said that it has affirmed the Long Term Issuer Default Rating (IDR) of Bulgarias First Investment Bank (Fibank) [BUL:FIB] at B with a negative outlook, and the banks Viability Rating (VR) at b. Fibanks ratings reflect its substantial asset quality pressures and high capital encumbrance, which weigh on its ratings de...

Fitch upgrades Bulgarias UniCredit Bulbank to BBB-, outlook stable Author: UniCredit Bulbank / All rights reserved. SOFIA (Bulgaria), May 10 (SeeNews) - Fitch Ratings said that it has upgraded the Long-Term Issuer Default Rating (IDR) of Bulgarias UniCredit Bulbank to BBB- from BB+ with a stable outlook. Fitch has decided to equalise the ratings of UniCredit Bulbank and its parent - Italys UniCredit, as it now sees a strong chance that UniCredit will provide support to its uni...

Fitch upgrades ProCredit Bank Bulgaria to bb, affirms IDR at BBB- Photo: ProCredit Bank Bulgaria / All rights reserved. SOFIA (Bulgaria), April 23 (SeeNews) - Fitch Ratings said that it has upgraded ProCredit Bank Bulgarias Viability Rating (VR) to bb from bb- and affirmed the banks Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at BBB- with a stable outlook. The upgraded VR reflects Fitchs expectations that ProCredit Bank Bulgarias solid financial profile...

Fitch affirms Raiffeisenbank Bulgaria at BBB, outlook negative Photo: Raiffeisenbank Bulgaria/ All rights reserved. SOFIA (Bulgaria), April 23 (SeeNews) - Fitch Ratings said that it has affirmed Raiffeisenbank Bulgarias Long Term Issuer Default Rating (IDR) at BBB with a negative outlook. Fitch Ratings has also affirmed Raiffeisenbank Bulgarias Viability Rating (VR) at bb+, it said in a statement earlier this week. The ratings agency also said in its statement: "KEY RATING DRI...

Some Ulster Bank Ireland ratings downgraded by Fitch Updated / Thursday, 11 Mar 2021 18:21 Ulster Bank said last month that it was beginning a phased withdrawal from the Republic of Ireland Ratings agency Fitch has downgraded Ulster Bank Irelands (UBI)  Long-Term Issuer Default Rating and Support Rating. It said the cuts follow the announcement last month by the banks parent NatWest Group (NWG) that it intends to withdraw from the Republic of Ireland. "This reflects its conclusion that UBI is...

SOFIA (Bulgaria), March 1 (SeeNews) - Fitch Ratings said it affirmed state-owned Bulgarian Development Bank's (BDB) Long-Term Issuer Default Rating (ID

Fitch affirms United Bulgarian Bank at A-, revises outlook to positive UBB/All rights reserved SOFIA (Bulgaria), March 2 (SeeNews) - Fitch Ratings said it affirmed United Bulgarian Banks (UBB) Issuer Default Rating (IDR) at A- and revised its outlook to positive from stable. The outlook revision reflects a similar action on Bulgarias rating outlook earlier this month, Fitch said in a statement on Monday. UBBs Viability Rating was unaffected by the rating action. Fitch also sai...

Sterling hits $1.40 for first time in nearly 3 years Published 2 months ago By Ritvik Carvalho LONDON (Reuters) – Sterling hit $1.40 against the dollar for the first time in nearly three years on Friday, as analysts continued to bet Britain’s quick pace of vaccinations will lead to an economic rebound from the country’s worst crash in output in 300 years. At 0857 GMT, the pound was at $1.4005 against the dollar, up 0.2% on the day. That level was its highest since April 2018. The pound i...

Oil extends losses as Texas prepares to ramp up output Published 2 months ago By Devika Krishna Kumar NEW YORK (Reuters) – Oil prices fell for a second day on Friday, retreating further from recent highs as Texas energy companies began preparations to restart oil and gas fields shuttered by freezing weather. Brent crude futures were down 33 cents, or 0.5%, at $63.60 a barrel by 11:06 a.m. (1606 GMT) U.S. West Texas Intermediate (WTI) crude futures fell 60 cents, or 1%, to $59.92. This week, ...