Fitch Ratings Confirms ProCredit Bank Macedonia’s Long-Term Issuer Default Rating “BBB-“ January 16, 2015

procreditIn 2015, the international credit rating agency Fitch Ratings has confirmed ProCredit Bank Macedonia’s Long-Term Issuer Default Rating of ‘BBB-’.

This confirmation is a result of the continuous support of the parent company, ProCredit Holding, based in Frankfurt, Germany, which is the main shareholder of ProCredit Bank Macedonia.  The rating takes into consideration the degree of support which the bank can expect to receive from its majority owner, the integration of the bank in the ProCredit group, and the proven ability of ProCredit Holding to provide timely capital and liquidity support, all of which contributes to ProCredit Bank Macedonia’s positive results.

In 2014, the international credit rating agency Fitch Ratings has upgraded ProCredit Bank Macedonia’s Long-Term Issuer Default Rating from ‘BB+’ to ‘BBB-’.  ProCredit Bank Macedonia is constantly evaluated by international credit rating agency since 2005.

Category: Member News