...Support Drives IDRs: Raiffeisenbank (Bulgaria) EAD's Issuer Default Ratings (IDRs) and Support Rating reflect Fitch Ratings' view of a high probability that the bank w ould be supported, if required, by its 100% ow ner, Raiffeisen Bank International (RBI). The Stable Outlook on the bank's Long-Term IDR reflects our view that risks related to RBI's credit profile are balanced. Strategically Im portant Subsidiary: Raiffeisenbank is based in a strategically important region for RBI. The bank's synergies w ith its parent are strong and underpinned by a long record of supporting RBI's objectives and a high level of management and operational integration. The full ow nership underpins the ow ners' support propensity. We believe that any required support is likely to be immaterial relative to RBI's ability to provide it. Moderately Strong Intrinsic Creditw orthiness: The bank's Viability Ratings (VR) is the highest among rated Bulgarian banks, mainly due to its superior asset quality. In our assessment,...
