Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers N > Headlines for National Development Bank Ltd. > News item |
Fitch affirms National Development Bank
Fitch Ratings said it affirmed the national long-term rating of National Development Bank plc at AA(lka), along with the bank's subordinated debentures at AA-(lka).
The outlook remains stable.
The ratings reflect a strong financial profile in terms of its high capital base, good profitability and asset quality.
The ratings are constrained by the bank's modest asset base and relatively short operating history as a licensed commercial bank, the agency said.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.