Fitch affirms Hansapank

Fitch Ratings said it affirmed Hansapank's (Hansa) ratings at long-term A, its short-term F1, individual B/C and support 1. The outlook is stable.

Fitch said the long-term, short-term and support ratings of Hansa reflect the strong probability of support it can expect to receive from ForeningsSparBanken (long-term A+), its 100% shareholder.

Its individual rating takes into account the bank's strong franchise across all three Baltic states and strong profitability that is based on relatively diversified income sources and conservative risk policies, the agency said.

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