Fitch affirms CIMB Bank

Fitch Ratings said it affirmed CIMB Bank Bhd.'s and CIMB Investment Bank Bhd.'s long-term foreign-currency issuer default ratings at BBB+.

The outlook is stable.

The ratings reflect the bank's strong franchise, satisfactory financial profile and management's track record, Fitch said, as well as the bank's role in supporting growing operations in potentially riskier markets in Southeast Asia.

CIMB Investment Bank is rated at the same level as CIMB Bank due to their seamless risk profiles, close operational links and common franchise, the agency said.

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