Fitch affirms EON Bank

Fitch Ratings said it affirmed EON Bank's long-term issuer default rating at BBB-, short-term foreign-currency issuer default rating at F3 and deposit rating at BBB. Its subordinated notes rating of BB+ was withdrawn because the notes were redeemed Jan. 21, 2009.

The outlook is stable.

The ratings reflect the bank's modest earnings and less diversified business profile, Fitch said, though these are mitigated by its satisfactory balance sheet strength.

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