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Fitch affirms Nationwide
Fitch Ratings said it affirmed Nationwide Building Society's long-term issuer default rating at AA-, its short-term issuer default rating at F1+ and individual rating at B.
The outlook is negative.
Ratings reflect Nationwide's strong franchises in the U.K. mortgage and savings markets, the agency said.
Ratings also recognize the society's lack of geographic and business diversity, the agency noted.
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