Fitch rates OSB Group BBB-

Fitch Ratings said it assigned BBB- ratings to OSB Group plc and main operating subsidiary OneSavings Bank plc. The viability rating for both entities is assigned at bbb-.

“OSBG's IDRs and VR reflect the bank's strong profitability through the cycle, capitalization and leverage maintained with significant buffers above regulatory minima, and a consistently profitable niche franchise focused on specialized buy-to-let (BTL) lending. The ratings also consider the bank's risk appetite for segments in a lending market that Fitch views as s higher-risk, a fairly modest franchise in a highly competitive market and a weaker funding profile than peers',” Fitch said in a press release.

The outlook is stable.

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