Fitch: Romanian banks view to stable

Fitch Ratings said it revised the outlook of four Romanian banks to stable from negative following the change of the sovereign's outlook. The bank's ratings also were affirmed.

Banca Comerciala Romana SA's long-term foreign-currency issuer default rating was affirmed at BBB, long-term local-currency issuer default rating at BBB and short-term foreign-currency issuer default rating at F3.

BRD - Groupe Societe Generale SA's long-term foreign-currency issuer default rating was affirmed at BBB and short-term foreign-currency issuer default rating at F3.

Uni Credit Tiriac Bank SA's long-term foreign-currency issuer default rating was affirmed at BBB and short-term foreign-currency issuer default rating at F3.

Banca Romaneasca SA's long-term foreign-currency issuer default rating was affirmed at BBB and short-term foreign-currency issuer default rating at F3.

The ratings of these four Romanian banks are driven by institutional support from their respective foreign parents and are constrained by Romania's country ceiling of BBB, Fitch said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.