Fitch Places Sumer Commercial Bank on Rating Watch Negative
2023-08-04 00:00:00 - From: Iraq Business News
By John Lee. Fitch Ratings has placed Iraq's Sumer Commercial Bank PSC's (SCB) Long- and Short-Term Issuer Default Ratings (IDRs) of 'CCC+' and 'C', respectively, and Viability Rating (VR) of 'ccc+' on Rating Watch Negative (RWN). It says the recent ban that prohibits SCB from dealing in US dollars restricts the bank's capacity to repay […]
The post Fitch Places Sumer Commercial Bank on Rating Watch Negative first appeared on Iraq Business News.
