News by tag: Fitch Ratings

Fitch improves the outlook on IIB’s rating to positive from stable

Fitch improves the outlook on IIB’s rating to positive from stable

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
Fitch upgrades IIB to “BBB” – first IFI upgrade by the agency since 2013

Fitch upgrades IIB to “BBB” – first IFI upgrade by the agency since 2013

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
Fitch confirms IIB’s supranational status and improves its outlook to Stable

Fitch confirms IIB’s supranational status and improves its outlook to Stable

After placing the International Investment Bank on Rating Watch Evolving (RWE) in mid-January 2015, Fitch Ratings has now affirmed the investment grade credit rating of the Bank at BBB-, improving its outlook to Stable. As indicated by Fitch in its press release, the main reason behind the decision are the improvements of the intrinsic features of the Bank, having been overhauled and strengthened over the past two years. This conclusion has been…  Read more
International Investment Bank obtained international investment credit rating

International Investment Bank obtained international investment credit rating

International rating agency Fitch Ratings has assigned the International Investment Bank a Long-term Issuer Default Rating (IDR) of «BBB-" with a stable outlook and Short-term IDR of «F3″. International Investment Bank obtained a credit rating for the first time in its history. It became possible due to the realization of the complex reformation of the Bank, during the past year, aimed at the IIB’s transformation into…  Read more