Fitch affirms Lehman

Fitch Ratings said it affirmed the ratings of Lehman Brothers Holdings Inc.'s bank subsidiaries, Lehman Brothers Bank FSB and Lehman Brothers Commercial Bank.

Fitch said that ratings are directly linked to the ratings of Lehman Holdings, the banks' ultimate parent and risk manager.

Fitch noted that it has affirmed the following ratings: Lehman Brothers Bank FSB's long-term issuer default rating at AA-, short-term issuer default rating at F1+, individual at B, support at 1, long-term deposit at AA and short-term deposit at F1+; and Lehman Brothers Commercial Bank's long-term issuer default rating at AA-, short-term issuer default rating at F1+, individual at B, support at 1, long-term deposit at AA and short-term deposit at F1+.

The outlook is stable.

All ratings are directly linked to the ratings of Lehman Holdings and thus to the risk appetite and risk management of that company.

© 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.