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
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