Fitch affirms DFCC Vardhana

Fitch Ratings said it affirmed DFCC Vardhana Bank's national long-term rating at AA-(lka) and subordinated debentures at A+(lka).

The outlook is stable.

The ratings reflect an expectation that support would be forthcoming from its parent, DFCC Bank, if required, Fitch said.

The bank is 99.12% owned by DFCC Bank, the agency said, and is strategically important to the parent in expanding the group's product offering.

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