Fitch upgrades Romania’s Banca Transilvania to ‘BBB’, CEC Bank to ‘BB+’

Fitch Ratings said it has upgraded the ratings of Romanian lender Banca Transilvania and local state-owned peer CEC Bank. Fitch Ratings has taken rating actions on a total of 13 banks in Central and Eastern Europe following an update to its bank rating criteria, the agency said in a press release quoted by See News. … Continue reading Fitch upgrades Romania’s Banca Transilvania to ‘BBB’, CEC Bank to ‘BB+’