Fitch affirms Bank CenterCredit

Fitch Ratings said it affirmed Bank CenterCredit's (BCC) ratings at long-term B+, short-term B, individual rating D and support 4. The outlook is stable.

BCC's long-term, short-term and individual ratings reflect the relatively high concentration in the bank's loan book and its modest capitalization, as well as certain weaknesses in the operating environment, the agency noted.

However, the ratings also consider the bank's strong profitability, relatively well-diversified funding base and good asset quality to date, Fitch said. In addition, the long-term, short-term and support ratings are underpinned by Fitch's view of the likelihood of state support being available for the bank in case of need.

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