Fitch revises Independent Bank to stable

Fitch Ratings said it affirmed the long-term and short-term issuer default ratings of Independent Bank Corp.'s and its subsidiary, Rockland Trust Co., at BBB and F2, respectively.

The outlook was revised to stable from negative.

Fitch said the affirmation and outlook revision reflects the company's stable asset quality and operating performance and Fitch's view that the bank will continue to perform consistently while continuing to build capital and improve its liquidity profile.

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