Fitch rates Signature BBB+

Fitch Ratings said it rated Signature Bank’s issuer default rating BBB+.

“The ratings are also supported by a reasonable capital position relative to U.S. regional peer levels and Fitch's view of the risk appetite and as well as a low credit loss history outside of taxi medallion lending,” said Fitch in a news release.

The subordinated debt is rated at BBB.

The outlook is stable.

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