...Support-Driven IDR: ProCredit Holding AG & Co. KGaA's (PCH Group) Issuer Default Ratings (IDRs) and Support Rating are driven by Fitch Ratings' view of the potential support from its core international financial institution (IFI) shareholders. Fitch views Zeitinger Invest (formerly IPC), ProCredit Staff Invest, KfW, IFC and DOEN Foundation as core shareholders. They have strategic control over the group through their status as general partners within the KGaA structure. Fitch's view of support is based on the long-term and strategic commitment of these shareholders, as highlighted by their role within PCH, the alignment of their own missions of development finance with that of PCH, and a record of debt and capital support to PCH and its subsidiary banks. Key Exposure to South-Eastern Europe: PCH Group's Viability Rating (VR) reflects its exposure to difficult emerging market environments and the credit risks inherent in SME lending. At end-3Q16, 57% of assets were in south-eastern Europe...
