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Fitch affirms MMG Bank
Fitch Ratings said it affirmed MMG Bank Corp.'s ratings, including its viability rating at bbb- and long-term issuer default rating at BBB-.
The outlook is stable.
“MMG's issuer default ratings, national and senior debt ratings are driven by its intrinsic creditworthiness, reflected in its VR,” the agency said in a news release.
“The bank's VR is highly influenced by its moderate credit profile given its relatively small size and concentrated niche.”
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