Fitch affirms Co-operative Bank

Fitch Ratings said it affirmed the long-term issuer default ratings of Co-operative Bank Ltd. at BBB. The outlook is stable.

At the same time, Fitch affirmed the viability rating at bbb.

“Co-op's issuer default ratings and viability rating are supported by a conservative risk appetite, sound asset quality and stable funding profile,” the agency said in a news release.

“These are offset by the bank's moderate franchise, earnings and profitability.”

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