Fitch: TMB Bank view to stable

Fitch Ratings said it affirmed TMB Bank PCL's long-term foreign-currency issuer default rating at BBB- and revised the outlook to stable from negative.

The affirmations take into account its sizeable domestic franchise and solid capital, while the stable outlook on the long-term foreign-currency issuer default rating is based on the bank's improving profitability and asset quality, Fitch said.

Although these aspects still remain weaker than peers, Fitch said it expects the bank to continue its momentum due to recent restructuring efforts in risk management and the improving economy.

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