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Prospect News home > News index > List of issuers M > Headlines for Metro Bank plc > News item |
Fitch lowers Metro Bank
Fitch Ratings said it downgraded Metro Bank plc's long-term issuer default rating to B from B+ and viability rating to b from b+.
The outlook is stable.
“Metro Bank's viability rating (VR) is below its implied VR of bb- because of the continued challenges it faces in becoming structurally profitable and because it is operating within regulatory capital buffers,” the agency said in a news release.
“We consider both its weak capitalisation and profitability to have higher influences over its VR. The ratings also consider the bank's moderately healthy asset quality, sound liquidity and funding profile, and improving risk management.”
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