trending Market Intelligence /marketintelligence/en/news-insights/trending/ttzg7ivqaqz66ivpldfjsg2 content esgSubNav
In This List

Fitch raises outlook on Procredit Bank Georgia

Video

S&P Capital IQ Pro | Unrivaled Sector Coverage

Video

S&P Capital IQ Pro | Powering Your Edge

Podcast

Street Talk Episode 81: Amid strong recovery, Banc of California hearing more M&A chatter

Blog

Banking Essentials Newsletter: September Edition


Fitch raises outlook on Procredit Bank Georgia

Fitch Ratings on March 22 revised the outlook on JSC ProCredit Bank Georgia's long-term foreign- and local-currency issuer default ratings to positive from stable, while affirming the ratings at BB.

The agency affirmed the bank's short-term foreign- and local-currency issuer default ratings at B and its support rating at 3. The bank's "bb-" viability rating remained unaffected.

The positive outlook reflects that of the sovereign rating of Georgia, whose outlook was revised to positive on March 16 based on growing GDP.

Germany-based ProCredit Holding AG & Co. KGaA is the ultimate parent of the Georgia-based bank.