Business Forum • 14 May, 2026 at 5:00 PM
Fitch Ratings has upgraded CEC Bank's Long-Term Issuer Default Rating from BB to BB+ with a Stable Outlook, following the publication of Fitch's updated Bank Rating Criteria on 8 May 2026.
The rating agency also assigned long-term and short-term deposit ratings of BBB- and F3, respectively. The long-term deposit rating is positioned two notches above the Bank's Viability Rating, reflecting Fitch's assessment of enhanced depositor protection.
Fitch acknowledges CEC Bank's capital position and resolution debt buffer (MREL), which provide loss-absorption capacity and reinforce the Bank's resilience in stress scenarios, supporting depositor safety and senior creditor protection.
The actions validate CEC Bank's financial profile, risk management and focus on maintaining capital and liquidity buffers as core pillars of the Bank's strategy. "CEC Bank's capital position also provides the flexibility needed to continue investing in transformation, digitalization and operational efficiency, while remaining well positioned to absorb potential economic or market shocks," the bank stated.