Fitch lifts Imperial Bank

Fitch Ratings said it upgraded Imperial Bank Ltd.'s national long and short-term ratings to AA-(zaf) and F1+(zaf), from A+(zaf) and F1(zaf), respectively.

At the same time, the agency said that the support rating 2 has been affirmed and the national long-term rating assigned to the bank's subordinated debt has also been upgraded to A+(zaf), from A(zaf).

The rating watch positive on the national ratings has been removed and replaced with a stable outlook, the agency added.

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