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Published on 4/1/2020 in the Prospect News Emerging Markets Daily.

Fitch cuts Credit Europe Bank

Fitch Ratings said it downgraded Credit Europe Bank NV to B+ from BB- with a negative outlook, citing the coronavirus pandemic as a medium-term risk to the bank’s ratings.

The bank’s subordinated tier 2 debt was cut to B- from B+ and removed from under criteria observation.


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