Fitch affirms Clearstream, Euroclear

Fitch Ratings said it affirmed the long-term issuer default ratings of Clearstream Banking SA at AA and Euroclear Bank at AA+.

The outlooks are stable.

Clearstream's and Euroclear Bank's viability ratings were affirmed at aa and aa+, respectively.

“Clearstream's and Euroclear Bank's ratings reflect the banks' leading franchises in the international post-trade securities services industry, in particular in settlement and custody services, as well as their very strong financial metrics,” the agency said in a news release.

“The ratings take into account the banks' resilient revenue bases, their very low appetite for and exposure to credit risk, adequate investments in control frameworks to ensure sound operational risk controls, prudent liquidity management and strong capitalisation.”

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