Fitch upgrades AmeriServ

Fitch Ratings said it upgraded AmeriServ Financial, Inc.'s long-term issuer default rating to BB from BB- and individual rating to C/D from D.

Fitch also upgraded AmeriServ Capital Trust I's preferred stock to B+ from B.

Fitch said it affirmed short-term issuer default rating at B, support rating at 5 and support no floor.

The outlook is stable.

According to the agency, the upgrade reflects improved financial flexibility.

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