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BOŚ SAFitch affirms BOS lender's rating at 'BB-' with stable outlook
Fitch rating agency has affirmed listed lender BOS' Long-Term Issuer Default Rating (IDR) at 'BB-', with outlook on the IDR also remaining stable, Fitch added in a statement.
BOS' Viability Rating (VR) has been affirmed at 'bb-'.
"BOS's ratings reflect its weaker franchise and less stable business model than its larger peers, higher-than-average risk appetite and weak asset quality," Fitch pointed out.
"The ratings are underpinned by BOS's moderate capital buffers, improved although still weak profitability, generally stable funding and liquidity position," it added.
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