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Fitch Improves Procredit Bank Georgia's Outlook

Fitch Improves Procredit Bank Georgia’s Outlook

Fitch Ratings imporved Procredit Bank Georgia’s outlook.

The Rating Agency revised Procredit Bank Georgia’s Outlook to Positive from Stable. The revision of the Outlook to Positive follows the revision of the Outlook on Georgia’s sovereign rating to Positive from Stable.

The affirmation of PCBG’s ‘BB’ Long-Term IDRs at one notch above the sovereign rating, and ‘3’ Support Rating, reflect Fitch’s view of the moderate probability of support from the bank’s 100% shareholder, ProCredit Holding AG & Co. KGaA (PCH; BBB/Stable).