Fitch downgrades Rodovid Bank to 'D,' withdraws ratings

Fitch Ratings reported yesterday that it downgraded the long-term Issuer Default Rating of Rodovid Bank from ‘CC’ to ‘D.’ Fitch said the move reflects its understanding that Rodovid is currently not servicing its liabilities in a full and timely manner. Fitch withdrew its ratings for Rodovid and said it would no longer provide rating or analytical coverage of the bank.