Washington Federal IDRs affirmed at 'A-/F1' on low operating costs - Fitch |
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Published
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Sun, 14 Oct 2007 20:53
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MUMBAI (Thomson Financial) - Fitch Ratings said it has affirmed Washington Federal Inc's long-term issuer default rating (IDR) at 'A-' and short-term IDR at 'F1'.The rating outlook is stable, reflecting Fitch's expectation that the bank's conservative approach to its business model should enable it to navigate current challenges effectively, Fitch said.The rating agency added the bank's low operating costs help it maintain solid levels of profitability in the current difficult operating environment.Fitch also affirmed the bank's individual rating at 'B' and support rating at '5'.tfn.newsdesk@thomson.comnet/jroCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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SMFG and its banks' long-term IDRs, individual ratings upgraded - Fitch 