Sat, Feb 11 2012

Fitch affirms ProCredit Bank at BB+/B

Tue, Aug 18 2009 11:28 CET

byDnevnik.bg

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Fitch affirms ProCredit Bank at BB+/B

Photo: Nadezhda Chipeva

Global credit rating agency Fitch has upheld its BB+ long-term foreign- and local-currency rating on ProCredit Bank Bulgaria, while keeping its short-term foreign - and local - currency rating at B, the lender said.

Both ratings are unlikely to sway over the medium term as seen in their "stable" outlook. The ratings factor is based on the extensive support the bank receives from its 80.29 per cent owner, ProCredit Holding, rated at BBB- with a "stable" outlook.

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