Fitch Revises Abanca's Outlook to Stable; Affirms at 'BB+'

April 1, 2015 3:58 PM

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(The following statement was released by the rating agency) BARCELONA/LONDON, April 01 (Fitch) Fitch Ratings has today affirmed Abanca Corporacion Bancaria, S.A.'s (Abanca) Long-term Issuer Default Rating (IDR) at 'BB+' and Short-term IDR at 'B'.

The agency has also upgraded Abanca's Viability rating (VR) to 'bb+' from 'bb-', mainly reflecting improvements in asset quality and capital. The Outlook on its Long-term IDR has been revised to Stable from Negative. A full list of rating actions is available at the end of this rating action comment...

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