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Fitch Ratings has affirmed Andorra’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BBB’

Fitch Ratings has affirmed Andorra’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BBB’. The Outlook is Positive. A full list of rating actions is at the end of this rating action commentary.

KEY RATING DRIVERS
Andorra’s IDRs reflect the following rating drivers:

The country’s wealth, relatively strong public finances and political stability are balanced by the economy’s small …

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Fitch Rating agency keeps Morabanc’s rating for the second year at BBB with stable outlook

Fitch Rating agency keeps Morabanc’s rating at BBB with stable outlook. This rating is maintained by bank for the second year.

According to Morabanc, the bank was able to maintain the rating largely thanks to a serious transformation and the establishment of new rules, which include investments in the development of new banking digital technologies, the …

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Fitch Ratings has affirmed Andorra’s Long-term foreign currency Issuer Default Rating (IDR) at ‘BBB’, the Outlook is Stable

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

According to Fitch statement Andorra’s ‘BBB’ IDR reflects the following key rating drivers:

Andorra is a small wealthy and politically stable economy. Its ratings …

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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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