...Support Drives Ratings: ProCredit Bank SH.A. Kosovo's (PCB Kosovo) Issuer Default Ratings (IDRs) and Support Rating reflect the likelihood of support from its parent, ProCredit Holding AG & Co. KGaA (PCH, BBB/Stable). Support considerations include the strategic importance of south-east Europe to PCH and negative implications of the subsidiary default for the group. Fitch Ratings takes a positive view of the significant role in and contributions of the bank to the group's performance. Country Risks Constrain Parent Support: PCB Kosovo's IDRs are constrained by Fitch's assessment of Kosovo country risks, absent of which a one-notch differential between the ratings of the bank and PCH is likely to be maintained. The Stable Outlook reflects our assessment of the balance of risks for the sovereign credit profile. VR Reflects Operating Environment Risks: PCB Kosovo's Viability Rating (VR) reflects the high risks stemming from its operating environment, making performance vulnerable to domestic...
