Fitch: Banco Industrial positive

Fitch Ratings said it affirmed Banco Industrial e Comercial SA's A+(bra) long-term national rating and F1(bra) short-term national rating and revised the outlook on the long-term national rating to positive from stable.

The revision of the outlook on the bank's long-term national rating reflects the strengthening of its franchise in the Middle Market segment, the diversification and extended average maturity of its funding base, its satisfactory and stable track record of performance as well as the continuation of its favorable liquidity profile, the agency said.

The ratings consider the bank's strategy and implementation, internal controls and risk management systems as well as historically comfortable net write-offs, the agency added.

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