On September 8, 2020, Fitch Ratings upgraded IIB’s rating to A- from BBB+ “reflecting the ongoing diversification of the bank’s operations across the EU following the relocation of its’ headquarters to Budapest”. Fitch positively assesses IIB’ s overall Europeanisation strategy expressed in particular in a shift in the bank’s lending operations and shareholder structure, focusing on a larger share of lending in the region and an increased share of EU shareholders in the Bank. As the… Read more
News by tag: Fitch Ratings
On November 22, 2018, the international rating agency Fitch Ratings upgraded the International Investment Bank’s long-term credit rating to BBB+ with a stable outlook. This rating upgrade is already the fourth positive rating action taken in relation to the Bank by international rating agencies this year. As the main factors that contributed to the upgrade, Fitch lists a significant improvement in the quality and geographical diversification of the Bank’s loan portfolio, a stronger internal… Read more
Following Moody’s long term credit rating upgrade to A3 with stable outlook, International Investment Bank taps its outstanding CZK Floater, increasing the size to CZK 750 m.
IIB decided to go another step forward in the capital market funding strategy and tap the outstanding April 2021 CZK Floater with an amount of 249 m, totaling to CZK 750 m. Erste Group, the Lead Manager of the transaction indicated that a Czech investor who already held IIB’s issues in its portfolio, is very much interested to increase its exposure on IIB. In spite of the volatile capital market environment, on the back of the rating upgrade of IIB to A3 by Moody’s, the increase of the debut… Read more
On December 4th 2017, Fitch Ratings increased the outlook on IIB’s long-term IDR’s to positive and affirmed IIB’s BBB issuer and debt ratings. According to Fitch’s official statement, the positive change of outlook was a result of “the continuing diversification of the bank’s operations in Central and Eastern Europe, the further strengthening of risk management policies and the improvement of the business environment”. The report also praised the full implementation of IIB’s 2013-2017… Read more
International agency Fitch Ratings upgraded IIB’s long-term foreign currency Issuer Default Rating to “BBB” from “BBB-“, with a stable outlook. For the first time, Fitch changed its assessment of the institution’s creditworthiness since assigning the IIB a rating in late 2013, opening up additional opportunities and lowering the cost of the Bank’s funding on capital markets. As noted in Fitch’s statement of December 7, 2016, the upgrade was driven by the “continuing diversification of the… Read more