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Fitch Ratings downgraded the Romanian Bank and Bancpost

de Dragos Comache, transl/adapt. C.B.
Marţi, 13 aprilie 2010, 17:16 English | Business

Fitch ratings downgraded the Romanian Bank and Bancpost ratings on long-tern credits, from "BBB-" to "BB+". This decision mirrors the ratings in the case of the mother banks, namely National Bank of Greece and EFG Eurobank Ergasias, according to one report of the financial evaluation agency. On top of that, Fitch downgraded ratings for short-term credits from "F3" to "B".

Meanwhile, the rating for the support of the main share holder dropped from "2" to "3".

As for the individual rating, this remained "D" for the Romanian Bank and "D/E" for Bancpost.

Fitch redrew the ratings for Bancpost after the downgrade.  

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