trending Market Intelligence /marketintelligence/en/news-insights/trending/zeie_wjqglop5fslas8t3g2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Fitch places 8 ProCredit Holding units on Rating Watch Negative

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Street Talk Episode 67 - Veteran investor tabs Mick Mulvaney to help with latest financial stock-focused fund

Street Talk Episode 65 - Deferral practices trap US bank portfolios in purgatory


Fitch places 8 ProCredit Holding units on Rating Watch Negative

Fitch Ratings on Sept. 12 placed the long-term issuer default ratings and support ratings of eight units of ProCredit Holding AG & Co. KGaA on Rating Watch Negative, following a similar action on their German parent.

The affected ratings include the BB+ long-term foreign- and local-currency default ratings of Macedonia-based ProCredit Bank AD Skopje and Serbia-based ProCredit Bank a.d. Belgrade; BB long-term foreign-currency issuer default rating of ProCredit Bank sh.a. Kosovo; BB long-term foreign- and local-currency issuer default ratings of JSC ProCredit Bank Georgia; BBB- long-term foreign- and local-currency issuer default ratings of ProCredit Bank Romania SA and ProCredit Bank (Bulgaria) EAD; BBB long-term issuer default rating of Germany-based ProCredit Bank AG; and BB- long-term foreign- and local-currency issuer default ratings of Albania-based ProCredit Bank sh.a.

Meanwhile, the support ratings affected were at 2 for ProCredit Bank AG, ProCredit Bank Romania SA and ProCredit Bank (Bulgaria) EAD, and at 3 for ProCredit Bank sh.a. Kosovo, Albania-based ProCredit Bank sh.a., ProCredit Bank AD Skopje, ProCredit Bank a.d. Belgrade and ProCredit Bank Georgia.

The F2 short-term deposit and issuer default ratings of ProCredit Bank AG and F3 short-term foreign- and local-currency issuer default ratings of ProCredit Bank Romania SA and ProCredit Bank (Bulgaria) EAD were also placed on Rating Watch Negative.

Meanwhile, the B short-term foreign- and local-currency issuer default ratings of ProCredit Bank sh.a., ProCredit Bank AD Skopje, ProCredit Bank a.d. Belgrade and ProCredit Bank Georgia were affirmed, as was the B short-term foreign-currency issuer default rating of ProCredit Bank sh.a. Kosovo.

The viability ratings of all eight units were unaffected.

Fitch noted that the placement reflects the downside risk its assessment of support for ProCredit Holding from its international financial institution shareholders.