25th Apr 2018 16:38
LONDON (Alliance News) - TBC Bank Group PLC on Wednesday said that credit rating agency Fitch Ratings Inc affirmed the BB long-term issuer default rating of its subsidiary JSC TBC Bank and changed outlook to positive from stable.
Shares in TBC Bank Group closed 3.0% lower at 1,796.00 pence per share on Wednesday.
Fitch said that the revision reflects its view that TBC Bank's risk profile and financial metrics should benefit from the improving operating environment in Georgia.
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