Fitch downgrades Hungarian CIB Bank, Slovenian Banka Koper

Ratings

The outlook of Hungary’s CIB Bank, as well as of Slovenia’s Banka Koper, has been downgraded to negative by ratings agency Fitch Ratings, following the downgrade of the outlook of their Italian parent Intesa Sanpaolo to negative, the agency announced in London yesterday, according to reports.

Fitch Ratings attributed the downgrade of Intesa’s outlook rating to the downgrade of the outlook on Italyʼs sovereign rating of “BBB plus” to negative, which was announced in October, according to reports. 

At the same time, Fitch confirmed the long-term and short-term credit ratings of CIB Bank at “BBB minus/F3” and those of Banka Koper at “BBB/F2,” Hungarian news agency MTI reported, citing the Fitch announcement.

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