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Fitch revises Bank of Ayudhya view to stable
Fitch Ratings said it revised the outlook on Bank of Ayudhya pcl’s long-term issuer default rating and national long-term rating to stable from negative. Concurrently, Fitch affirmed the long-term IDR of BBB+ and the national long-term rating of AAA(tha).
The outlook follows a similar rating action on the long-term IDR of the bank’s parent, MUFG Bank, Ltd. on Sept. 24, Fitch said.
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