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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 liquidity coverage. GTB Ghana has small market shares of assets and customer deposits (both 3% at e...

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...

Fitch upgrades Bulgaria's 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 Bulgaria's UniCredit Bulbank to 'BBB-' from 'BB+' with a stable outlook. Fitch has decided to equalise the ratings of UniCredit Bulbank and its parent - Italy's UniCredit, as it now sees a strong chance that UniCredit will provide support to its unit given that they share a common regulator after Bulgaria's entry to the Banking Union, and...

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 m...

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 p...