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Fitch affirms AgFirst
Fitch Ratings said it affirmed AgFirst FCB's long- and short-term issuer default ratings at AA- and F1+, respectively.
The outlook is stable.
Ratings reflect stable operating performance, strong asset quality and conservative capital management, the agency said.
Diversification of commodity exposure largely mitigates the elevated risk posed by high grain prices and volatility in the commodity markets, according to Fitch.
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