Fitch affirms E. Sun Bank

Fitch Ratings said it affirmed E.Sun Bank's individual rating at C and support rating at 4, along with E. Sun Securities Corp.'s national long-term rating at A-(twn) with stable outlook, national short-term rating at F2(twn), individual rating at D and support rating at 3.

The ratings reflect the bank's sound capitalization and good asset quality, Fitch said. The main factors constraining its individual rating are its subdued profitability and relatively small franchise, particularly in the corporate banking area, the agency said.

The long-term and short-term issuer default ratings of E. Sun Securities primarily reflect strong support from its parent company, Fitch said. Its individual rating is based on weak profitability and limited franchise. But, the agency said, its stand-alone capitalization and liquidity are solid.

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