Fitch lifts Vseobecna

Fitch Ratings said it upgraded Vseobecna uverova banka's (VUB) individual rating to C from C/D and changed the outlook on the issuer default rating to positive from stable.

The other ratings have been affirmed at issuer default rating A, short-term F1 and support 1, the agency said.

Fitch noted the upgrade of the individual rating reflects the bank's continued good profitability and strong capitalization, as well as a strengthening franchise and ongoing operational improvements.

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