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Article: Fitch Affirms Caja Badajoz's Ratings.
- Article from:
- Business Wire
- Article date:
- May 22, 2003
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Business Editors
LONDON & BARCELONA, Spain--(BUSINESS WIRE)--May 22, 2003
Fitch Ratings, the international rating agency, has affirmed the ratings of Monte de Piedad y Caja General de Ahorros de Badajoz (Caja Badajoz) at Long-term 'A-' ('A minus'), Short-term 'F2', Individual 'B' and Support '4'. The Rating Outlook remains Stable.
Caja Badajoz's ratings reflect a sound franchise in its region, good profitability, excellent capital adequacy and good asset quality. They also take into account its small size and some regional concentration and the challenge to improve cost efficiency.
Caja Badajoz's net interest margin is above its peer ...