Fitch affirms DFCC Bank

Fitch Ratings said it affirmed the AA(lka) national long-term rating assigned to DFCC Bank, along with the AA(lka) national rating assigned to the bank's senior debentures and the AA-(lka) national rating assigned to its subordinated debentures.

The outlook is stable.

The ratings reflect the bank's strong financial performance, good asset quality and strong capital position, Fitch said.

The ratings also take into account the bank's high exposure to riskier long-term project lending and less diversified funding base, the agency added.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.