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Bucharest
February 26, 2021
BUSINESS

Fitch withdraws the ratings of Banca Romaneasca

Fitch Ratings yesterday withdrew the ratings of the financial institution Banca Romaneasca, controlled by the National Bank of Greece (NBG), after it confirmed the long-term rating at ‘B-‘ with a negative outlook, Mediafax reports. “The ratings have been withdrawn as the issuer stopped participating in the rating process and they are no longer considered by Fitch to be relevant to the agency’s coverage. Fitch will no longer provide rating or analytical coverage of this issuer,” Fitch Ratings announces in a communiqué. Fitch confirmed the long-term rating of Banca Romaneasca at “B-“, with negative outlook, and reaffirmed the short-term rating at “B”. Banca Romaneasca also owns NBG Leasing, controlled until last year by National Bank of Greece, which is also present in Romania with the insurance company Granata, NBG Securities Romania and NBG Factoring Romania.

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