In a recent review of the Long Term Issuer Default Ratings (IDR) Fitch has included two other Romanian banks besides UniCredit Tiriac Bank S.A. namely Banca Transilvania S.A. and ProCredit Bank Romania
UniCredit Tiriac Bank S.A. rating has been affirmed at 'BBB', Negative Outlook
According to the International Rating Agency Fitch the key rating drivers were: Issuer Default Ratings, Support Rating and Support Rating Floor. UniCredit Tiriac Bank S.A. Issuer Default Ratings and Support Rating reflect Fitch's opinion that UniCredit Tiriac Bank S.A remains strategically important for its ultimate parent, UniCredit S.p.A. (UniCredit; 'BBB+'/Negative), although Romania is currently not a market where UniCredit is focusing its growth strategy. This view takes into account the continued high strategic importance of the Central and Eastern Europe region as a whole for UniCredit. Fitch notches down the UniCredit Tiriac Bank S.A Long-term IDR once from UniCredit's Long-term Issuer Default Ratings.
Impact on investors: UniCredit Tiriac Bank Romania S.A. IDR rating was affirmed.