Fitch affirms Nations Trust

Fitch Ratings said it affirmed Nations Trust Bank plc's national long-term rating at A(lka), outstanding senior debentures at A(lka) and outstanding subordinated debentures at A-(lka).

The outlook is stable.

The ratings reflect the bank's improved financial position, particularly in terms of its asset quality and capitalization since the end of 2009, Fitch said, and a developing franchise among most customer segments.

The agency also noted the bank's high exposure to consumer products and leases that renders its asset quality more susceptible to economic downturns.

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