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MANAMA: Bank ABC (also known as Arab Banking Corporation), announced that Fitch Ratings has revised its outlook to stable from negative, while affirming the long-term issuer default rating (IDR) at ‘BB+’ and viability rating (VR) at ‘bb+’.
A statement by the bank yesterday said Fitch notes a number of key strengths that Bank ABC continues to display including its solid risk framework, quality capital, sound liquidity, stable funding and competent management .
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