Fitch Ratings has upgraded Banca Transilvania’s long-term issuer default rating (IDR) from “BBB-” to “BBB,” one notch above the country’s rating. Typically, a bank’s rating does not exceed the rating of the country in which it operates because macroeconomic and political risks affect the entire financial system: since it finances companies and the general public, … Continue reading Fitch Ratings raises BT’s rating one notch above the country’s rating