Fitch revises Abanca to positive

Fitch Ratings said it revised Abanca Corporacion Bancaria, SA's outlook to positive from stable and affirmed its long-term issuer default rating at BB+ and viability rating at bb+.

Fitch said the positive outlook reflects its expectation that Abanca's asset quality and core banking profitability should continue to improve in the next 18 to 24 months while capitalization is kept within satisfactory buffers above minimum requirements in a growing business cycle.

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