Fitch confirmed Bulgaria's Long-Term Credit Rating in Foreign and Local Currency
The international rating agency Fitch confirmed the long-term credit rating of Bulgaria in foreign and local currency 'BBB' with a positive outlook
Fitch Ups Support Rating of Bulgaria's First Investment Bank
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The international credit rating agency Fitch has increased the support rating of Bulgaria's First Investment Bank (FIB) from 5 to 3.
The Pari Daily reported that FIB's other ratings were confirmed as follows: Long-term Issuer Default (LT IDR) at 'BB-'; Short-term IDR at 'B'; Individual at 'D'.
Fitch also raised FIB's Support Rating Floor, which directly connected with the support rating, from 'BB-' to 'No Floor'.
According to Fitch, the increased rating of the First Investment Bank reflects the significance of the bank as the largest Bulgarian-owned bank.
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