Fitch Ratings placed Andbanc, Credit Andorra and MoraBanc, SA’s Long- and Short-term Issuer Default Ratings (IDRs) of ‘A-‘ and ‘F2’, respectively, and their Viability Ratings (VRs) of ‘a-‘ on Rating Watch Negative (RWN)
Fitch Ratings placed Andorra Banc Agricol Reig’s (Andbank), Credit Andorra’s and Mora Banc Grup, SA’s Long- and Short-term Issuer Default Ratings (IDRs) of ‘A-‘ and ‘F2’, respectively, and their Viability Ratings (VRs) of ‘a-‘ on Rating Watch Negative (RWN), reports the agency.
The RWN reflects Fitch’s view that the operating environment and franchises of Andorra’s domestic …
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