Fitch affirms Discover

Fitch Ratings said it affirmed the long- and short-term issuer default ratings of Discover Financial Services and Discover Bank at BBB/F2.

The outlook is stable.

The agency said that about $43.5 billion of unsecured debt, subordinated debt and deposits are affected by these actions.

Fitch noted that the ratings affirmation reflects the strength of Discover's credit and debit card franchise, superior asset quality, solid liquidity and strong capital levels.

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