Credit rating agencies

Fitch Ratings announced on October 1 that they had affirmed Bulgarian Development Bank AD's (BDB) Long-Term Issuer Default Rating (IDR) at 'BBB'. The Outlook on the Long-Term IDR is Positive.

The BDB reported the news in a press release on Tuesday.

Ljubljana – Rating agency Fitch has affirmed Slovenia’s credit rating at A with a stable outlook, the Finance Ministry said on Saturday, adding that this showed the agency acknowledged Slovenia’s strong institutional structure, focus on human development and a credible policy framework supported by EU membership.

Maribor – Ratings agency Fitch has upgraded the long-term credit risk for NKBM, Slovenia’s second largest ban, from BB+ to BBB- with a stable outlook, citing the completion of the merger with Abanka, firm capital position and low share of non-performing loans.

Ljubljana – The Slovenian PEN centre has urged the government to fundamentally change its attitude to the STA as well as media and journalists in general, arguing that its actions constituted an attempt at dismantling the agency and silencing a source of trustworthy information.

Athens-listed Mytilineos Group is ready to tap the international capital markets in the next few months, well-informed banking sources say.

Ljubljana – Creditreform Rating, an European credit rating agency, has affirmed Slovenia’s AA- credit rating with a stable outlook. It says that Slovenia has a strong economic environment, a flexible labour market while its private sector’s indebtedness is low, which should contribute to the country’s post-Covid recovery.

The Standard & Poor's (S&P) rating agency kept Turkey's credit rating unchanged late on Jan. 22. 

Turkey's long-term foreign currency credit rating remained at B+, while its long-term local currency credit rating was also preserved at BB-.

Ljubljana – Rating agency Standard & Poor’s affirmed on Friday Slovenia’s AA- rating with a stable outlook. The step acknowledges that Slovenia “remains a stable country in the long run despite the difficult situation due to Covid-19”, the Finance Ministry said on Saturday.

Ratings agency Moody's has said it has upgraded the long-term foreign currency deposit ratings of 12 Turkish banks.

Greek banks will be able to face challenges to profitability from the coronavirus crisis with the help of increased funding from the European Central Bank, credit rating agency Moody's said in a credit outlook report on Thursday.