Fitch affirms Investec Bank

Fitch Ratings said it affirmed Investec Bank plc's long- and short-term issuer default ratings at BBB+/F2.

The agency also affirmed the bank's viability rating at bbb+.

The outlook is stable.

“The issuer default ratings, VR and senior debt ratings of IBP reflect its appetite for lending to higher-risk sectors and investing in higher-risk asset classes,” Fitch said in a news release.

“This risk is partly counterbalanced by the bank's strong liquidity and capital buffers above regulatory requirements.”

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