The affirmation of the ratings reflects the completion of the acquisition of Abanka by NKBM and the fact that the financial metrics of the combined entity are broadly in line with or slightly better than Fitch’s initial estimates.
Fitch has revised the Outlooks for the bank to Negative from Positive because they believe the economic fallout from the coronavirus crisis represents a medium-term risk to the ratings.
This notice will be available on Nova KBM´s website (www.nkbm.si) from 10 April 2020, for at least five years from the date of its issue.
Management Board of Nova KBM d.d.
On 10 April 2020, the rating agency Fitch Ratings revised Outlook on Nova KBM d.d. to Negative and affirmed Long-Term Issuer Default Ratings at BB+ and Viability Ratings at bb+.
