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| Brief Excerpt: | ...Support-Driven IDRs: Zagrebacka Banka d.d.'s (ZABA) Issuer Default Ratings (IDRs) and Support Rating (SR) reflect Fitch Ratings' view of a high probability that the bank would be supported, if required, by its parent, UniCredit S.p.A. (UC; BBB/Stable). Fitch believes UC has a strong propensity to support ZABA and ZABA's relatively small size means potential support should be manageable for the parent. The Stable Outlook on ZABA's IDR reflects that on UC. VR Reflects Sovereign Risks: ZABA's Viability Rating (VR) is effectively constrained by the Croatian sovereign rating (BB+/Stable), reflecting Fitch's view of a high correlation between the sovereign's and the bank's credit profiles. The VR continues to factor in ZABA's large, albeit declining, volume of impaired loans and volatile through-the-cycle performance. The rating is underpinned by ZABA's sizeable capital buffers and potential capital support from the parent, the bank's comfortable funding and liquidity position and its leading... |
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| Report Type: | |
| Company(ies) | Yapi ve Kredi Bankasi A.S.
, UniCredit Bank GMBH
, UniCredit Bank Austria AG
, UniCredit Bank AO
, Bank Polska Kasa Opieki SA
, Zagrebacka banka d.d.
, UniCredit S.p.A
, HVB Funding Trust I
, HVB Funding Trust II
, UniCredit Bulbank AD
, Ukrsotsbank JSC
, UniCredit Bank S.A.
, Pekao Bank Hipoteczny SA
, Unicredit Bank Ireland PLC
, Yapi Kredi Finansal Kiralama A.O.
, Yapi Kredi Faktoring A S
, Yapi Kredi Yatirim Mekul Degerler A.S. |
| Ticker(s) | PEO
, USCB
, YKBNK
, YKFIN
, ZABA-R-A |
| Issuer | YapiKredi Yatirim Menkul Degerler A.S. |
| Format: | | PDF |  |
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