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Fitch rates Banca Comerciala notes BBB+
Fitch Ratings said it gave Banca Comerciala Romana SA's upcoming senior preferred bonds an expected BBB+ long-term rating. The bank intends to issue up to RON 500 million of SP bonds, and they are expected to be leu-denominated.
“BCR's SP debt is rated in line with its long-term local-currency IDR, and in line with senior non-preferred (SNP) debt,” Fitch said in a press release.
The bank is majority owned by the Erste Group Bank AG. Fitch said it BCR’s ratings reflect potential support from Erste.
The outlook is negative.
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