Fitch affirms BNP Paribas

Fitch Ratings said it affirmed BNP Paribas SA's long-term issuer default rating at A+, short-term issuer default rating at F1 and viability rating at a+.

The outlook is stable.

The agency also affirmed the ratings of BNP Paribas Securities Services, BNP Paribas, Canada Branch and Opel Bank GmbH.

“The ratings of BNPP reflect its sound, stable and diversified business model as well as leading franchises in selected markets,” Fitch said in a news release.

“The ratings are supported by the bank's resilient earnings generation, even in challenging operating environments.

“Despite recent improvements, the stock of impaired loans remains high compared with peers and is a rating weakness.”

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