Fitch affirms Teller

Fitch Ratings said it affirmed Teller AS' long-term issuer default rating at BB+, short-term issuer default rating at B, individual rating at C and support rating at 3.

The outlook is stable.

Ratings reflect the company's strong franchise in Norway's card payment sector, despite growing competition, and the generally low inherent risk of its operations, Fitch said. They also consider its small capital base.

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