Fitch Ratings Takes Rating Actions On Romanian Banks On Covid-19 Impact

05.20.2020 By Ecaterina Craciun

International credit rating agency Fitch Ratings has taken rating actions on five Romanian banks in light of the coronavirus outbreak in Europe, including downgrading UniCredit Bank S.A. (UCBRO) to 'BB+' from 'BBB-' and revising the outlook on Banca Transilvania (BT) and Garanti Bank S.A. (GBR) to negative from stable.

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