S&P raises Samba Financial

Standard & Poor's said it raised its long-term counterparty credit rating on Samba Financial Group to A+ from A.

The outlook is stable.

At the same time, the agency said it affirmed its A-1 short-term counterparty credit rating on Samba.

"The rating action reflects its view that Samba's financial profile has continued to strengthen, on support from a resilient financial performance, solid capitalization, and strong funding and liquidity indicators," said S&P credit analyst Nicolas Hardy.

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