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Fitch affirms Raiffeisenbank Bulgaria at BBB , outlook negative

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 Bulgaria s Long Term Issuer Default Rating (IDR) at BBB with a negative outlook. Fitch Ratings has also affirmed Raiffeisenbank Bulgaria s Viability Rating (VR) at bb+ , it said in a statement earlier this week. The ratings agency also said in its statement: KEY RATING DRIVERS IDRS AND SUPPORT RATING RBBG s IDR and Support Rating (SR) reflect our view of a high probability that parent Raiffeisen Bank International AG (RBI) would support its subsidiary in case of need. This reflects the strategic importance of Bulgaria and the wider central and eastern Europe (CEE) region to the parent, strong synergies in supporting the group s objectives and a high level of management and operational integration. In our view, reputational risk to RBI would be hig

Latin American Herald Tribune - Venezuela s CITGO Outlook Stable Says Fitch

Venezuela s CITGO Outlook Stable Says Fitch CHICAGO Fitch Ratings affirmed the Long-Term Issuer Default Rating (IDR) of CITGO Petroleum (Opco) at B and CITGO Holding (Holdco) at CCC+ , Opco s senior secured term loans, notes, and industrial revenue bonds at BB / RR1 , and Holdco s senior secured term loans and bonds at B+ / RR1 . Fitch withdrew the ratings on Opco s $650 million July 2021 term loan, which was repaid earlier. The Rating Outlook was revised to Stable from Negative. The Outlook revision reflects CITGO s improved liquidity and maturity wall along with signs that the pandemic recovery will continue to accelerate.

Latin American Herald Tribune - Venezuela s CITGO Outlook Stable Says Fitch

Latin American Herald Tribune - Venezuela s CITGO Outlook Stable Says Fitch
laht.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from laht.com Daily Mail and Mail on Sunday newspapers.

Latin American Herald Tribune - Venezuela s CITGO Outlook Stable Says Fitch

Latin American Herald Tribune - Venezuela s CITGO Outlook Stable Says Fitch
laht.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from laht.com Daily Mail and Mail on Sunday newspapers.

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