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Fitch Revises Outlook on TBC Bank to Positive
Fitch Revises Outlook on TBC Bank to Positive.
About this update from Tbc Bank Group Plc
[{"type":"text","content":"\n \nRNS Number : 1063M TBC Bank Group PLC 25 April 2018 \n\nFitch Revises Outlook on TBC Bank to Positive\n \n \nFitch Ratings (Fitch) announced on 23 April 2018 that it has revised the outlook on the Long-Term Issuer Default Rating (IDR) of JSC TBC Bank, a subsidiary of TBC Bank Group PLC, to positive from stable and affirmed the IDR at 'BB-'.\n \nThe revision of the outlook on JSC TBC Bank reflects Fitch's view that the bank's risk profile and financial metrics should benefit from the improving operating environment in Georgia. \n \nFor further enquiries, please contact:\nHead of Investor Relations\nAnna Romelashvili \[email protected]\n \nAbout Fitch Ratings\nFitch Ratings is a leading provider of credit ratings, commentary and research. Dedicated to providing value beyond the rating through independent and prospective credit opinions, Fitch Ratings offers global perspectives shaped by strong local market experience and credit market expertise. The additional context, perspective and insights that Fitch provides have helped investors fund a century of growth and make important credit judgments with confidence.\nAbout TBC Bank Group PLC (\"TBC PLC\")\nTBC PLC is a public limited company registered in England and Wales that was incorporated in February 2016. TBC PLC became the parent company of JSC TBC Bank (\"TBC Bank\") on 10 August 2016. TBC PLC is listed on the London Stock Exchange under the symbol TBCG.\nTBC Bank, together with its subsidiaries, is the leading universal banking group in Georgia, with a total market share of 38.2% of loans and 39.8% of non-banking deposits as at 31 December 2017, according to data published by the National Bank of Georgia.\n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCSEFFEIFASEFL\n ","length":3218,"tagName":"div"}]