Fitch Downgrades Romanian Garanti Bank’s SSR To ‘B’; Affirms IDR At ‘BB-‘/Stable

04.15.2022 By Ecaterina Craciun

Fitch Ratings has downgraded Garanti Bank S.A.’s (GBR) Shareholder Support Rating (SSR) to ‘b’ from ‘b+’ and the GBR’s Long-Term Issuer Default Rating (IDR) was affirmed at ‘BB-‘ with Stable Outlook and Viability Rating (VR) at ‘bb-‘.

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