Fitch affirms Central European International Bank

Fitch Ratings said it affirmed Hungary-based Central European International Bank's (CIB) ratings at issuer default A with a stable outlook, short-term F1, individual C and support 1.

The agency said CIB's issuer default, short-term and support ratings are based on the extremely high potential of support from its owner, Banca Intesa, which is rated A+ with a positive outlook.

The outlook on CIB's long-term issuer default rating is constrained by Hungary's country ceiling of A, Fitch noted, adding that Intesa has a history of providing strong support for its international banking subsidiaries.

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