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Fitch Ratings has downgraded Andorra’s Short-Term Foreign Currency (STFC) IDR to ‘F3’ from ‘F2’

Fitch Ratings has downgraded Andorra’s Short-Term Foreign Currency (STFC) IDR to ‘F3’ from ‘F2’, reports agency. Under EU credit rating agency (CRA) regulation, the publication of sovereign reviews is subject to restrictions and must take place according to a published schedule, except where it is necessary for CRAs to deviate from this in order to …

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Business and Economy

Fitch affirms 3 Andorran banks

Fitch Ratings has affirmed the Long-Term Issuer Default Ratings (IDR) of Credit Andorra, Andorra Banc Agricol Reig (Andbank) and Mora Banc Grup, SA (MoraBanc) at ‘BBB’, ‘BBB’ and ‘BBB-‘ respectively; the Outlooks are Stable on all of the IDRs. A full list of rating actions can be found at the end of this rating action …

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Fitch Ratings has affirmed Banca Privada d’Andorra’s (BPA) Long-and Short-term Issuer Default Ratings (IDRs) at ‘Default’ (D)

Fitch Ratings has affirmed Banca Privada d’Andorra’s (BPA) Long-and Short-term Issuer Default Ratings (IDRs) at ‘Default’ (D). Simultaneously, the agency has withdrawn BPA’s ratings as the bank is under resolution. Accordingly, Fitch will no longer provide ratings or analytical coverage of BPA, reports the agency.

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Fitch Ratings revised Andorra’s Long-term foreign currency Issuer Default Rating (IDR) of ‘BBB’. The Outlook is Stable. Fitch has also published the Short-term foreign currency IDR of ‘F2’ and Country Ceiling of ‘A-‘

Fitch Ratings has published Andorra’s Long-term foreign currency Issuer Default Rating (IDR) of ‘BBB’. The Outlook is Stable. Fitch has also published the Short-term foreign currency IDR of ‘F2’ and Country Ceiling of ‘A-‘, reports the agency.

 

 

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