The newly established UniCredit Tiriac Bank, the resulting company from the merger of HVB Tiriac Bank and UniCredit Romania Bank, received an “A minus” rating for long term debt and an “F2” rating for short term credits as well as a “1” support rating with a stable perspective from the Fitch Ratings agency.
The announcement comes shortly after the merger of HVB-Tiriac and UniCredit Romania banks, resulting in a company controlled 56% by Bank Austria Creditanstalt AG.
Bank Austria Creditanstalt AG received an A rating with a positive perspective from Fitch, while Italian group UniCredito, which controls 96.4% of Bank Austria Creditanstalt, received an “A plus” with a positive perspective.
