Fitch upgrades senior unsecured rating of Bulgaria s BEH to BB Fitch (Author: fitchratings.com) License: all rights reserved.
SOFIA (Bulgaria), May 10 (SeeNews) - Fitch Ratings said on Monday that it has upgraded Bulgarian Energy Holding s (BEH) senior unsecured rating to BB from BB- and assigned a Recovery Rating of RR4 to this debt class.
Fitch also affirmed BEH s Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at BB with a positive outlook, the ratings agency said in a statement.
BEH s ratings have also been removed from Under Criteria Observation (UCO) reflecting the application of Fitch s updated Corporates Recovery Ratings and Instrument Ratings (CRR&IR) criteria. The company s ratings were placed on UCO following the publication of the updated criteria on April 9.
Fitch revises Votorantim Cimentos outlook to stable 05 May 2021
Fitch Ratings has affirmed Votorantim Cimentos SA s (VCSA) Long-Term Foreign- and Local-Currency Issuer Default Ratings at BBB- and revised the rating outlook to ‘stable’ from ‘negative’. The change in outlook mirrors that made to VCSA s ultimate parent, Votorantim SA (VSA).
VCSA accounted for 55 per cent of VSA s EBITDA during 2020 and 46 per cent of its debt. These figures compare with 45 per cent of EBITDA in 2019 and 53 per cent of the group s debt. Fitch noted that: Although there is decentralised treasury and management between VSA and its subsidiaries, VSA has moved cash among the group or reduced upstream dividend flows when necessary to bolster the credit profiles of its key subsidiaries.
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 Bulgaria s Viability Rating (VR) to bb from bb- and affirmed the bank s Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at BBB- with a stable outlook.
The upgraded VR reflects Fitch s expectations that ProCredit Bank Bulgaria s solid financial profile, underpinned by its superior asset quality relative to Bulgarian peers , will see a modest impact from the coronavirus pandemic, the ratings agency said in a statement earlier this week.
Fitch Assigns Korea Ocean Business Corporation’s First-Time ‘AA-‘ IDR; Outlook Stable
Fitch Ratings has assigned Korea Ocean Business Corporation’s (KOBC) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) at ‘AA-‘. The Outlook is Stable. The government-owned KOBC was established in 2018 under the Korea Ocean Business Corporation Act (KOBC Act). Its policy mission is to support shippers’ liquidity and ship purchase, and to bolster South Korea’s (AA-/Stable) maritime industry competitiveness.
Fitch deems KOBC a government-related entity (GRE) and uses a top-down rating approach, based on our expectations of a high likelihood of exceptional government support for the company, if required.
YEREVAN, MARCH 5, ARMENPRESS. Fitch Ratings has assigned the Armenian City of Yerevan Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) of B+ with Stable Outlook, ARMENPRESS was informed from the official website of FitchRatings.