...Support Drives Ratings: The Issuer Default Ratings (IDRs) and Support Rating of ProCredit Bank Sh.a. (PCB Albania) are underpinned by the likelihood of support from its parent, ProCredit Holding Ag & Co. KGaA (PCH, BBB/Stable). In assessing support, Fitch Ratings takes a positive view of the strategic importance of south-eastern Europe to PCH, the potential negative implications of a subsidiary default for the group, the strong integration of the bank within the group, and a record of capital and liquidity support. Country Risks Constrain IDRs: PCB Albania's IDRs are constrained by Fitch's assessment of Albania's country risks, without which a one-notch differential between the rating of the bank and the parent is likely to be maintained. The Stable Outlook reflects our assessment of the balance of risks on the sovereign credit profile. Local-Currency Uplift: The one-notch uplift of PCB Albania's Long-Term Local-Currency IDR above its Long-Term Foreign-Currency IDR reflects Fitch's view...
