Fitch Ratings has upgraded the long-term issuer default rating (IDR) of Banca Transilvania (BT) to ‘BB’ from ‘BB-’ and has also announced that it has removed the Romanian bank from rating watch evolving (RWE), according to Business-Review.eu.Also, the IDR of UniCredit Tiriac Bank (UCTB) has been confirmed at ‘BBB’ and that of ProCredit Bank (PCBR) at ‘BBB-’. The rating institution has also maintained Garanti Bank’s ‘BB+’ long-term IDR on rating watch positive (RWP).
The outlooks for BT, UCTB and PCBR are stable.
