Fitch affirms National Rural

Fitch Ratings said it affirmed the long-term issuer default rating of National Rural Utilities Cooperative Finance Corp.'s at A and short-term issuer default rating at F1.

The outlook was revised to stable from positive.

Fitch said the affirmation reflects the company's solid asset quality, consistent operating performance and vital role in supplementing the credit programs of the U.S. Department of Agriculture's Rural Utilities Service.

The company's strong asset quality is attributed to a loan portfolio collateralized by stable assets and recent efforts to reduce single obligor exposure through syndication, the agency said.

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