Fitch affirms Bulgaria's Fibank at 'B', outlook negative
Fitch affirms Bulgaria's 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 Bulgaria's First Investment Bank (Fibank) [BUL:FIB] at 'B' with a negative outlook, and the bank's Viability Rating (VR) at 'b'. Fibank's ratings reflect its substantial asset quality pressures and high capital encumbrance, which weigh on its ratings despite the solid medium term recovery prospects for the Bulgarian economy, Fitch Ratings sa...
Source: seenews.com