Fitch affirms Shizuoka Bank

Fitch Ratings said it affirmed Shizuoka Bank, Ltd.'s long-term issuer default rating at A.

The outlook is stable.

The issuer default ratings of Shizuoka are driven by its viability rating of a, which reflects Fitch's view that its strong capitalization can be sustained over the medium term although capital growth will become more challenging should pressures on profitability, which has remained adequate on cost control and low impairment charges, increase, the agency said.

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