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Moody's upgrades Romanian top lender BCR's deposit rating to Baa3

Moody's said it has upgraded the long-term local and foreign-currency deposit ratings of Romania's top lender Banca Comerciala Romana (BCR), part of Austria's Erste Group, to Baa3/Prime-3 from Ba1/Not Prime, seenews.com reports. At the same time, the ratings agency has upgraded the bank's baseline credit assessment (BCA) to b1 from b2, its adjusted BCA to ba2 from ba3 and its long-term and short-term Counterparty Risk Assessment (CRA) to ...

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