Fitch affirms Romania’s CEC Bank at BB, outlook stable

Fitch Ratings on Thursday affirmed Romania-based CEC Bank S.A.’s (CEC) Long-Term Issuer Default Rating (IDR) at ‘BB’ with a Stable Outlook, its Viability Rating (VR) at ‘bb’, and Government Support Rating (GSR) at ‘b’. CEC’s IDRs are driven by its VR, which reflects the bank’s moderate, albeit strengthening, business profile, adequate capitalisation and reasonable funding […] Read more