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Fitch turns Shinhan Bank view to stable
Fitch Ratings said it revised the outlook on Shinhan Bank to stable from negative and affirmed its issuer rating at A.
The revision reflects reduced pressure to Shinhan's financial profile, and some headroom at its viability rating level, as the South Korean economy recovers solidly from the pandemic-induced recession, Fitch said.
The outlook also reflects the stable outlook on South Korea's AA- rating, the agency said.
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