5 Februarie 2010
Fitch revises BCR, BRD, UniCredit and Banca Romaneascas outlook to stable
Financial rating agency Fitch has today revised BCR, BRD, UniCredit and Banca Romaneasca’s outlooks to stable from negative following the agency's sovereign rating action on Romania.
The ratings of the four Romanian banks reflect the institutional support from their parent companies and are limited by the Romania’s ‘BBB’ country ceiling.
“The long-term issuer default rating and Support ratings of the following four Romanian banks are driven by institutional support from their respective foreign parents and are constrained by Romania's country ceiling of 'BBB'”.
Long-term foreign currency IDR: Fitch affirmed Banca Comerciala’s long-term foreign and local currency loan ratings at 'BBB as well as the bank’s short-term foreign currency loan ratings at 'F3'. The agency affirmed the bank’s individual rating at ‘D’ and support rating at ‘2’.
For the other three banks, Fitch confirmed their long-term foreign currency loan ratings at ‘BBB’ and revised outlook to ‘stable’. The agency affirmed their short-term foreign currency loan ratings to ‘F3’ and support rating at ‘2’.
For UniCredit and Banca Romaneasca, the rating agency affirmed their individual rating at ‘D’.
“The long-term issuer default rating and Support ratings of the following four Romanian banks are driven by institutional support from their respective foreign parents and are constrained by Romania's country ceiling of 'BBB'”.
Long-term foreign currency IDR: Fitch affirmed Banca Comerciala’s long-term foreign and local currency loan ratings at 'BBB as well as the bank’s short-term foreign currency loan ratings at 'F3'. The agency affirmed the bank’s individual rating at ‘D’ and support rating at ‘2’.
For the other three banks, Fitch confirmed their long-term foreign currency loan ratings at ‘BBB’ and revised outlook to ‘stable’. The agency affirmed their short-term foreign currency loan ratings to ‘F3’ and support rating at ‘2’.
For UniCredit and Banca Romaneasca, the rating agency affirmed their individual rating at ‘D’.