BUSINESS

Fitch demoted Banca Romaneasca’s rating to “B+”

Fitch Ratings demoted, yesterday, the rating of Banca Romaneasca, owned by the National Bank of Greece (NBG), by two points, to “B+”, after the ratings of several financial institutions in Greece were revised at a lower level, Mediafax reports. The agency also demoted the ratings of NBG’s and EFG Eurobank’s Bulgarian subsidies. At the same time, Banca Romaneasca’s rating for short-term foreign currency debts was confirmed at “B”. The agency also modified the support rating for Banca Romaneasca from “3” to “4”, while the individual rating was maintained at “D”.

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