Fitch ups four Romania Banks

Fitch Ratings said it upgraded the ratings of four Romanian banks following the upgrade of Romania's issuer default rating to BBB from BBB- and country ceiling to A- from BBB+.

The agency upgraded Banca Comerciala Romana's issuer default rating to BBB- from BB+, short-term rating to F3 from B and support rating to 2 from 3. These rating changes result from the improved ability of the Romanian sovereign to provide support to the bank in case of need.

Fitch upgraded the issuer default ratings of Banca Comerciala Ion Tiriac, UniCredit Romania and BRD-Groupe Soc Gen to A- from BBB+ and their support ratings to 1 from 2 following the upgrade of the country ceiling.

Additionally, Banc Post's outlook was revised to positive to reflect the positive outlook on its majority owner, EFG Eurobank, and the fact that the country ceiling is no longer a constraint.

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